The Resource The basics of foreign exchange markets : a monetary systems approach, William D. Gerdes, (electronic book)
The basics of foreign exchange markets : a monetary systems approach, William D. Gerdes, (electronic book)
Resource Information
The item The basics of foreign exchange markets : a monetary systems approach, William D. Gerdes, (electronic book) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Liverpool.This item is available to borrow from 1 library branch.
Resource Information
The item The basics of foreign exchange markets : a monetary systems approach, William D. Gerdes, (electronic book) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Liverpool.
This item is available to borrow from 1 library branch.
- 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
- Language
- eng
- Edition
- First edition.
- Extent
- 1 online resource (90 pages)
- Note
- Part of: 2014 digital library
- 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
- Isbn
- 9781606498217
- 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
- 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
- Cataloging source
- MiAaPQ
- http://library.link/vocab/creatorName
- Gerdes, William D
- Dewey number
- 332.45
- Index
- index present
- LC call number
- HG3851
- LC item number
- .G473 2015
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- abstracts summaries
- bibliography
- 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, (electronic book)
- 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
- Control code
- EBC1815868
- 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
- Reproduction note
- Electronic resource.
- Sound
- unknown sound
- Specific material designation
- remote
- Label
- The basics of foreign exchange markets : a monetary systems approach, William D. Gerdes, (electronic book)
- 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
- Control code
- EBC1815868
- 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
- Reproduction note
- Electronic resource.
- Sound
- unknown sound
- Specific material designation
- remote
Subject
- deflation
- fiat money
- fiduciary money
- fixed exchange rates
- flexible exchange rates
- inflation
- purchasing power parity
- Foreign exchange market
- Foreign exchange rates
- central banking
- commodity money
Member of
- 2014 digital library
- Economics collection
- Economics collection.
- Online access with subscription: Proquest Ebook Central
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.liverpool.ac.uk/portal/The-basics-of-foreign-exchange-markets--a/16cTpBVWtE8/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.liverpool.ac.uk/portal/The-basics-of-foreign-exchange-markets--a/16cTpBVWtE8/">The basics of foreign exchange markets : a monetary systems approach, William D. Gerdes, (electronic book)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.liverpool.ac.uk/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.liverpool.ac.uk/">University of Liverpool</a></span></span></span></span></div>
