IDEAS home Printed from
   My bibliography  Save this book

Exchange Rates and Global Financial Policies


  • Paul De Grauwe

    (London School of Economics, UK)


Exchange Rates and Global Financial Policies brings together research and work done by world-class economist Paul De Grauwe over the past two decades. Drawing inspiration from behavioural finance literature, De Grauwe covers topics such as exchange rate economics, monetary integration (with particular attention on the Eurozone), and international macroeconomics. His work is categorised across three parts. The first part develops new theoretical and empirical approaches to exchange rate modelling. The second part features a collection of papers on the theory and empirical analysis of monetary unions. The final part contains criticism of mainstream macroeconomic models as well as proposed alternative modelling approaches. Contents: Exchange Rate Economics: Chaos in the Dornbusch Model of the Exchange Rate (Paul De Grauwe and Hans Dewachter) Heterogeneity of Agents, Transactions Costs and the Exchange Rate (Paul De Grauwe and Marianna Grimaldi) Exchange Rate Puzzles: A Tale of Switching Attractors (Paul De Grauwe and Marianna Grimaldi) Exchange Rates in Search of Fundamentals: The Case of the Euro¨CDollar Rate (Paul De Grauwe) Exchange Rates and Fundamentals: A Non-Linear Relationship? (Paul De Grauwe and Isabel Vansteenkiste) The Impact of FX Central Bank Intervention in a Noise Trading Framework (Michel Beine, Paul De Grauwe and Marianna Grimaldi) Monetary Integration: Conditions for Monetary Integration: A Geometric Interpretation (Paul De Grauwe) Is Europe an Optimum Currency Area? Evidence from Regional Data (Paul De Grauwe and Wim Vanhaverbeke) Setting Conversion Rates for the Third Stage of EMU (Paul De Grauwe and Luigi Spaventa) The Euro and Financial Crises (Paul De Grauwe) What have We Learnt About Monetary Integration Since the Maastricht Treaty? (Paul De Grauwe) The Governance of a Fragile Eurozone (Paul De Grauwe) Do Asymmetries Matter for European Monetary Policy? (Yunus Aksoy, Paul De Grauwe and Hans Dewachter) Macroeconomics And Monetary Policy: Is Inflation always and Everywhere a Monetary Phenomenon? (Paul De Grauwe and Magdalena Polan) Monetary Policy and the Real Economy (Paul De Grauwe and Cl¨¢udia Costa Storti) Lessons from the Banking Crisis: A Return to Narrow Banking (Paul De Grauwe) The Scientific Foundation of Dynamic Stochastic General Equilibrium (DSGE) Models (Paul De Grauwe) Animal Spirits and Monetary Policy (Paul De Grauwe) Booms and Busts in Economic Activity: A Behavioral Explanation (Paul De Grauwe) Readership: Graduate students and researchers in the fields of international economics and international finance.

Suggested Citation

  • Paul De Grauwe, 2014. "Exchange Rates and Global Financial Policies," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 8832, June.
  • Handle: RePEc:wsi:wsbook:8832

    Download full text from publisher

    File URL:
    Download Restriction: Ebook Access is available upon purchase.

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item


    Exchange Rate; Financial Policies; Turbulence; Exchange Market; Motenary Union; Macroeconomics; Economic Models; Behaviorial Economics; Monetary Integration; Euro; Financial Crisis; European Monetary Policy; Dynamic Stochastic General Equilibriumauthor;

    JEL classification:

    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wsbook:8832. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.