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Currency Competition and Foreign Exchange Markets: The Dollar, the Yen and the

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Book Title
Currency Competition and Foreign Exchange Markets: The Dollar, th
Publication Date
1999-01-28
Pages
212
ISBN
9780521632737

Über dieses Produkt

Product Identifiers

Publisher
Cambridge University Press
ISBN-10
0521632730
ISBN-13
9780521632737
eBay Product ID (ePID)
864120

Product Key Features

Number of Pages
212 Pages
Language
English
Publication Name
Currency Competition and Foreign Exchange Markets : the Dollar, the Yen and the Euro
Publication Year
1998
Subject
Foreign Exchange, Economics / Macroeconomics, Money & Monetary Policy
Type
Textbook
Author
Philipp Hartmann
Subject Area
Business & Economics
Format
Hardcover

Dimensions

Item Height
0.6 in
Item Weight
16.2 Oz
Item Length
9 in
Item Width
6 in

Additional Product Features

Intended Audience
Scholarly & Professional
LCCN
98-036046
Reviews
'[Hartmann's] book stands out for its broad scope and unusual blend of theory, historical and institutional account of financial markets, and empirical evidence. ... Overall, Hartmann has written an interesting and innovative study with relevance to both academics and practitioners. ... Hartmann's conclusions about the relatively slow pace with which the euro will advance in international financial markets appear to be based on a sound analysis of the trends and characteristics of the different market segments. His observation that the disappearance of intra-European forex transactions by definition will exert a downward influence on the euro's market share initially, is worth stressing. In this respect, Hartmann provides a welcome and needed counterweight to existing overly optimistic forecasts of an increased role of the euro internationally together with an immediate euro appreciation.' De Economist, ‘An interesting and innovative study on a very important and topical issue in international finance, the theory of international currencies. It has the potential to become standard reading in international finance in the future. One of the attractions of this book is the combination of theory, empirical evidence, and historical account.....Hartmann has a great way of explaining difficult concepts in an accessible manner without putting his readers to sleep...essential for professionals.’Jurgen von Hagen, University of Bonn and Zentrum fur Europaische Intergrationsforschung, ‘The emergence of the Euro is the most significant monetary event of the current era. Its international role will be of key importance. In this topical and valuable book, Philipp Hartmann provides an analysis of the role and evolution of the international use of money, for example as a vehicle currency, and then applies such analysis to examine the future role of the euro, notably in relation to the US dollar. This book is both of high academic quality and of practical relevance for the light that it throws on future international monetary issues in general, and on the euro in particular.’Charles Goodhart, London School of Economics and Political Science, and member of the Bank of England Monetary Policy Committee, ‘[Hartmann’s] book stands out for its broad scope and unusual blend of theory, historical and institutional account of financial markets, and empirical evidence. … Overall, Hartmann has written an interesting and innovative study with relevance to both academics and practitioners. … Hartmann’s conclusions about the relatively slow pace with which the euro will advance in international financial markets appear to be based on a sound analysis of the trends and characteristics of the different market segments. His observation that the disappearance of intra-European forex transactions by definition will exert a downward influence on the euro’s market share initially, is worth stressing. In this respect, Hartmann provides a welcome and needed counterweight to existing overly optimistic forecasts of an increased role of the euro internationally together with an immediate euro appreciation.’De Economist, 'An interesting and innovative study on a very important and topical issue in international finance, the theory of international currencies. It has the potential to become standard reading in international finance in the future. One of the attractions of this book is the combination of theory, empirical evidence, and historical account ... Hartmann has a great way of explaining difficult concepts in an accessible manner without putting his readers to sleep ... essential for professionals.' Jurgen von Hagen, University of Bonn and Zentrum fur Europaische Intergrationsforschung, '[Hartmann's] book stands out for its broad scope and unusual blend of theory, historical and institutional account of financial markets, and empirical evidence. … Overall, Hartmann has written an interesting and innovative study with relevance to both academics and practitioners. … Hartmann's conclusions about the relatively slow pace with which the euro will advance in international financial markets appear to be based on a sound analysis of the trends and characteristics of the different market segments. His observation that the disappearance of intra-European forex transactions by definition will exert a downward influence on the euro's market share initially, is worth stressing. In this respect, Hartmann provides a welcome and needed counterweight to existing overly optimistic forecasts of an increased role of the euro internationally together with an immediate euro appreciation.' De Economist, 'The emergence of the Euro is the most significant monetary event of the current era. Its international role will be of key importance. In this topical and valuable book, Philipp Hartmann provides an analysis of the role and evolution of the international use of money, for example as a vehicle currency, and then applies such analysis to examine the future role of the euro, notably in relation to the US dollar. This book is both of high academic quality and of practical relevance for the light that it throws on future international monetary issues in general, and on the euro in particular.' Charles Goodhart, London School of Economics and Political Science, and member of the Bank of England Monetary Policy Committee, 'An interesting and innovative study on a very important and topical issue in international finance, the theory of international currencies. It has the potential to become standard reading in international finance in the future. One of the attractions of this book is the combination of theory, empirical evidence, and historical account … Hartmann has a great way of explaining difficult concepts in an accessible manner without putting his readers to sleep … essential for professionals.' Jurgen von Hagen, University of Bonn and Zentrum fur Europaische Intergrationsforschung
Dewey Edition
21
Illustrated
Yes
Dewey Decimal
332.456
Table Of Content
List of figures; List of tables; Preface and acknowledgements; 1. Introduction; 2. National and international money: a survey; 3. A theory of vehicle currencies; 4. Currency competition between the euro, the dollar and the yen; 5. Trading volumes and transaction costs: from the short run to the long run; 6. General conclusions; Bibliography; Index.
Synopsis
Currency Competition and Foreign Exchange Markets is a major new theoretical and empirical study of international currencies that focuses on the role the Euro (the future European currency) will play in the international monetary and financial system, along with the US dollar and the Japanese yen. In contrast to much of the existing literature that approaches the subject from a macroeconomic perspective, Philipp Hartmann develops a theoretical model that uses game theory, time series and panel econometrics, and links financial markets analysis with transaction cost economics. The results are presented with reference to political, historical and institutional considerations, and provide accessible answers to policy makers, business people and scholars world wide., Currency Competition and Foreign Exchange Markets by Philipp Hartmann of the European Central Bank is a major theoretical and empirical study of international currencies, which focuses on the role which the Euro will play in the international monetary and financial system along with the US dollar and the Japanese yen. In contrast to much of the existing literature which approaches the subject from a macroeconomic perspective, Philipp Hartmann develops a theoretical model which uses game theory, time series and panel econometrics, and links financial markets analysis with transaction cost economics. The results of Currency Competition and Foreign Exchange Markets are presented with reference to political, historical and institutional considerations, and provide accessible answers to policy-makers, business people and scholars worldwide. The sections on Spread Estimation and Multiple Vehicles with Inter-Dealer Price and Entry Competition will be of particular use for finance professionals., Currency Competition is a major study of international currencies which focuses on the role of the Euro, and provides accessible answers to the key questions facing policy-makers, business people and scholars. Philipp Hartmann is a leading economist whose work has been featured in publications including The Wall Street Journal.
LC Classification Number
HG925 .H367 1998

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