Asset Markets, Exchange Rates, and Economic Integration

Preface Part I. Introduction: 1. An agenda Part II. Modeling an Open economy: 2. The structure of the model 3. Solving the model 4. Comparative statics: goods-market disturbances 5. Comparative statics: asset-market and compound disturbance 6. Dynamics under pegged and flexible exchange rates Part III. Extending the Model: 7. Claims, caveas, and simplifications 8. On money, income, and insulation 9. Expectations, speculation, and exchange-rate stability 10. On the specification of fiscal policy Part IV. Analyzing Interdependence: 11. A two-country model 12. Similarities and symmetries in goods and asset markets 13. Comparative statics in the two-country model Part V. The Theory of Financial Integration: 14. Dimensions of integration 15. Market integration, interdependence, and monetary policy under pegged exchange rates 16. The analytics of a monetary union 17. Market integration, interdependence, and fiscal policy under pegged exchange rates 18. Fiscal policy in a monetary union Appendixes Glossary Index

Asset (computer security) · Business · Economics · Exchange rate · Financial market · Financial system · Monetary economics · Computer Science · Finance · Global Financial Crisis and Policies

• Insulation Properties of a Two-Tier Exchange Market in a Portfolio Balance Model

  Nancy Peregrim Marion•Economica•1981

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