Exchange Rate Management: Theory and evidence: The UK experience
Title: Exchange Rate Management: Theory and evidence: The UK experience
Author: PILBEAM, Keith
Citation: Basingstoke, Macmillan, 1991
ISBN: 0333531086; 9780333531082
This book provides a concise review of the modern literature on exchange rate determination focussing on the implications for the conduct of exchange rate policy. The author examines the economic justification for foreign exchange market intervention, the potential for such intervention to stabilize an economy and the distinction betweens sterilized and non sterilized intervention. The final part provides an empirical examination of UK exchange rate policy during the period 1973-89 - the motivation, nature, effectiveness and profitability of the Bank of England's intervention are analyzed.
(Published version of EUI PhD thesis, 1988.)
Initial version: http://hdl.handle.net/1814/5041