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Exchange Rates, Capital Flows and Policy.

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Driver, R.. 0-415-35263-0 edic.2005 As globalization progresses, exchange rates have become increasingly wedded to internal and external economic policies. This edited collection tackles four key questions in this important and growing area: How much emphasis should be placed on the exchange rate when setting policy? *What is the success or otherwise, of different approaches to modeling exchange rates? *What determines capital flows and their impact? *What should policy makers do about monetary policy and capital flows? It is well understood that within open economies the choice of exchange rate, capital
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