The Resource The basics of foreign exchange markets : a monetary systems approach, William D. Gerdes

The basics of foreign exchange markets : a monetary systems approach, William D. Gerdes

Label
The basics of foreign exchange markets : a monetary systems approach
Title
The basics of foreign exchange markets
Title remainder
a monetary systems approach
Statement of responsibility
William D. Gerdes
Creator
Contributor
Author
Provider
Subject
Language
eng
Summary
Foreign exchange markets are inextricably entwined with underlying monetary standards. Thus, they are treated conjointly. Four different exchange rate regimes are analyzed: (1) foreign exchange markets with commodity money; (2) foreign exchange markets with fiduciary money; (3) foreign exchange markets with fiat money--fixed exchange rates; and, (4) foreign exchange markets with fiat money--flexible exchange rates. For the last eight decades, most countries have operated with fiat monies. For proponents of the fiat money standard, one of its desirable attributes is that it provides individual countries with considerable monetary autonomy. However, both analytics and experience indicate that this is not always the case. Whether a country has more monetary autonomy depends upon whether fiat money is paired with fixed exchange rates (regime 3) or flexible exchange rates (regime 4). More autonomy is possible with flexible exchange rates (regime 4). Such autonomy is largely possible because foreign exchange markets are allowed to accommodate the wide variations in national monetary policies. Under this regime, the purchasing power parity (PPP) theory of exchange rates assumes elevated importance in accounting for foreign exchange market adjustments. Exchange rate regime 4 has been in place (in many countries) for more than four decades, and there are critics. Those who advocate scrapping this arrangement generally favor a return to either regime 2 or regime 3
Member of
Cataloging source
MiAaPQ
http://library.link/vocab/creatorName
Gerdes, William D
Index
index present
LC call number
HG3851
LC item number
.G473 2015
Literary form
non fiction
Nature of contents
  • dictionaries
  • abstracts summaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
ProQuest Ebook Central
Series statement
Economics collection,
http://library.link/vocab/subjectName
  • Foreign exchange market
  • Foreign exchange rates
Target audience
specialized
Label
The basics of foreign exchange markets : a monetary systems approach, William D. Gerdes
Instantiates
Publication
Note
Part of: 2014 digital library
Bibliography note
Includes bibliographical references (page [87]) and index
Carrier category
online resource
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type MARC source
rdacontent
Contents
1. Introduction -- 2. Money and monetary systems -- 3. Foreign exchange markets -- 4. Foreign exchange markets with commodity and fiduciary monies -- 5. Foreign exchange markets with fiat money: fixed exchange rates -- 6. Foreign exchange markets with fiat money: flexible exchange rates -- 7. Proposals advanced by critics of flexible exchange rates -- Notes -- References -- Index
Dimensions
unknown
Edition
First edition.
Extent
1 online resource (90 pages)
Form of item
online
Governing access note
Access restricted to authorized users and institutions
Isbn
9781606498217
Media category
computer
Media MARC source
rdamedia
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)893913699
  • (CaBNVSL)swl00404144
  • (MiAaPQ)EBC1815868
  • (Au-PeEL)EBL1815868
  • (CaPaEBR)ebr10956091
  • (CaONFJC)MIL651367
  • (OCoLC)893913699
Label
The basics of foreign exchange markets : a monetary systems approach, William D. Gerdes
Publication
Note
Part of: 2014 digital library
Bibliography note
Includes bibliographical references (page [87]) and index
Carrier category
online resource
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type MARC source
rdacontent
Contents
1. Introduction -- 2. Money and monetary systems -- 3. Foreign exchange markets -- 4. Foreign exchange markets with commodity and fiduciary monies -- 5. Foreign exchange markets with fiat money: fixed exchange rates -- 6. Foreign exchange markets with fiat money: flexible exchange rates -- 7. Proposals advanced by critics of flexible exchange rates -- Notes -- References -- Index
Dimensions
unknown
Edition
First edition.
Extent
1 online resource (90 pages)
Form of item
online
Governing access note
Access restricted to authorized users and institutions
Isbn
9781606498217
Media category
computer
Media MARC source
rdamedia
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)893913699
  • (CaBNVSL)swl00404144
  • (MiAaPQ)EBC1815868
  • (Au-PeEL)EBL1815868
  • (CaPaEBR)ebr10956091
  • (CaONFJC)MIL651367
  • (OCoLC)893913699

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