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European University Institute - Series D Ser.
The Role of the Current Account in Asset Market Models of Exchange Rate Determination. — Berlin/Boston: Walter de Gruyter GmbH, 2019. — 1 online resource (408 pages). — (European University Institute - Series D Ser.). — <URL:http://elib.fa.ru/ebsco/2183847.pdf>.

Record create date: 8/10/2019

Subject: Balance of payments-Econometric models.; Foreign exchange-Econometric models.; Balance of payments — Econometric models.; Foreign exchange rates.

Collections: EBSCO

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Table of Contents

  • Acknowledgements
  • CONTENTS
  • ABBREVIATIONS
  • Outline
  • PART I: THEORETICAL FOUNDATIONS
  • 1. Introduction: Exchange Rate Theories and the Current Account
  • 2. The Monetary Approach
  • 3. Portfolio Balance and Wealth Redistribution Effects of the Current Account
  • 4. Exchange Rate Expectations and the Current Account
  • 5. Diversified Current Account Financing in Portfolio Balance Models
  • APPENDICES
  • PART I I : EMPIRICAL EVIDENCE
  • 6. Introduction and Outline
  • 7. Testing the Basic Model: The Approach of Branson, Halttunen and Hasson
  • 8. Testing a Multi-Country Model: The Approach of Martin and Masson
  • 9. The Standard Portfolio Model: further Empirical Evidence
  • 10. Diversified Current-Account Financing: Some Empirical Signs of Its Significance in the Deutsche Mark/US Dollar Case
  • 11. Negative Net Foreign Asset Positions: Exchange Rate Stability in Portfolio Balance Models
  • Appendices
  • REFERENCES

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