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Paperback | $28.00 Short | £19.95 | ISBN: 9780262521222| 6 x 9 in | January 1987

Exchange Rate Management under Uncertainty

Foreword by Richard N. Cooper


These twelve essays take up economic management under flexible exchange rates in the presence of uncertainty. Nearly all of the contributions adopt a rational expectations framework, focusing on the stochastic aspects of the assumption and exploring the variability of, for example, output and prices in relation to the variability of various external disturbances.

Jagdeep Bhandari is Associate Professor of International Economics at West Virginia University.


"A distinguished group of authors has been gathered together to present a volume containing high quality contributions at the frontier of research on exchange rate management."
- The Economic Journal