Speculation and the Dollar : The Political Economy of Exchange Rates

126.93 SGD
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114.24
English

Product Description

I began serious consideration of the issues and subject matter that comprise this book as a graduate student at the University of Massachusetts at Amherst. In need of a dissertation topic and vaguely curious about international monetary economics, I decided to sit in on Leonard Rapping's undergraduate course on international finance. Needless to say, I was soon hooked. Within several months I was teaching my own course on international money and beginning to write an outline of what would become my doctoral dissertation on foreign exchange speculation. Once completed the dissertation thesis became this basis for this book.

This book explores the nature of foreign exchange speculation based on the existence of destabilizing speculation in the form of speculative currency bubbles, dealing with an assessment of the economic and political costs imposed by these bubbles on the international trading and monetary system.

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