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Interest Rates, Exchange Rates and World Monetary Policy by John E. Floyd offers a comprehensive theoretical and empirical analysis of the factors influencing real exchange rates among major economies, including Canada, the United Kingdom, Japan, France, and Germany, in relation to the United States. The book posits that real exchange rates are predominantly determined by real factors such as economic growth, technological advancements, commodity prices, and international investment allocations, rather than by monetary shocks. Utilizing econometric methods, including Blanchard-Quah Vector Autoregression (VAR) analysis, Floyd demonstrates that real shocks have a more significant impact on exchange rates than monetary shocks.

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245: $a: Interest Rates, Exchange Rates and World Monetary Policy
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100: $a: John E. Floyd
650: $a: Economics
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250: $b: Springer
250: $c: 2010
020: $a: 9783642102790
300: $a: 404