Lucio Sarno, Mark P. Taylor
Cambridge, UK: Cambridge University Press, 2002
330pp, ISBN: 978-0-521-48584-5
A comprehensive survey of exchange rate economics, which examines the main drivers of exchange rate behaviour using recent empirical data. It also analyses the development of the subject, from the seminal models of the 1970s to the current research in econometrics, and provides an overview of the literature on exchange rate determination, market efficiency, and new open-economy macroeconomics.