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This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.

International finance --- Foreign exchange --- Change --- Congresses --- Congrès --- Congresses. --- AA / International- internationaal --- 333.451.2 --- 333.825 --- 334.151.27 --- 333.450 --- 339.4 --- 333.451.6 --- 333.451.0 --- 333.111.35 --- Papers presented at a conference held in January 1982 at the Rockefeller Foundation's Bellagio Conference Center on Lake Como. --- NBB congres --- Deviezen op termijn. --- Deviezenpolitiek. Interventies. --- Europees monetair stelsel. --- Theorie van het deviezenverkeer. Theorie van de koopkrachtpariteit. --- Vermogensbeheer. Financiële analyse. Verspreiding van de beleggingsrisico's. --- Vlottende wisselkoersen. Crawling peg. --- Wisselmarkt: algemeenheden. --- Wisselverrichtingen, goudtransacties. --- Conferences - Meetings --- Congrès --- Papers presented at a conference held in January 1982 at the Rockefeller Foundation's Bellagio Conference Center on Lake Como --- Wisselverrichtingen, goudtransacties --- Theorie van het deviezenverkeer. Theorie van de koopkrachtpariteit --- Wisselmarkt: algemeenheden --- Deviezen op termijn --- Vlottende wisselkoersen. Crawling peg --- Deviezenpolitiek. Interventies --- Europees monetair stelsel --- Vermogensbeheer. Financiële analyse. Verspreiding van de beleggingsrisico's --- E-books --- Foreign exchange futures --- Currency futures --- Foreign exchange speculation --- Forward exchange --- Financial futures --- textbook, higher education, college, university, finance, financial, economics, economy, wealth, income, research, national, bellagio, italy, 1980s, history, historical, academic, scholarly, rudiger dornbusch, model, jacob frenkel, michael mussa, market, marketplace, variant, account, portfolio, pentti kouri, studies, analysis, policy, european monetary system, congresses, foreign. --- Foreign exchange - Congresses.