000			03931nam a2200589 i 4500
001			9781947098718
003			BEP
005			20241023114900.0
006			m eo d
007			cr cn |||m|||a
008			180405s2018 nyu foab 001 0 eng d
020			_a9781947098718 _qe-book
035			_a(OCoLC)1029302377
035			_a(CaBNVSL)swl00408247
040			_aCaBNVSL _beng _erda _cCaBNVSL _dCaBNVSL
050		4	_aHG3851
100	1		_aGerdes, William D., _eauthor.
245	1	4	_aThe basics of foreign exchange markets : _ba monetary systems approach / _cWilliam D. Gerdes.
250			_aSecond edition.
264		1	_aNew York, New York (222 East 46th Street, New York, NY 10017) : _bBusiness Expert Press, _c[(c)2018.]
300			_a1 online resource (90 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
490	1		_aEconomics collection, _x2163-7628
504			_aIncludes bibliographical references (pages [83-87.) and index.
505	0		_a1. Introduction -- _t2. Money and monetary systems -- _t3. Foreign exchange markets -- _t4. Foreign exchange markets with commodity and fiduciary monies -- _t5. Foreign exchange markets with fiat money: fixed exchange rates -- _t6. Foreign exchange markets with fiat money: flexible exchange rates -- _t7. Proposals advanced by critics of flexible exchange rates -- _tNotes -- _tReferences -- _tIndex.
506			_aAccess restricted to authorized users and institutions.
520	3		_aForeign exchange markets are inextricably entwined with underlying monetary standards. Thus, they are treated conjointly. Four different exchange rate regimes are analyzed: (1) foreign exchange markets with commodity money; (2) foreign exchange markets with fiduciary money; (3)foreign exchange markets with fiat money--fixed exchange rates; and, (4) foreign exchange markets with fiat money--flexible exchange rates. For the last eight decades, most countries have operated with fiat monies. For proponents of the fiat money standard, one of its desirable attributes is that it provides individual countries with considerable monetary autonomy. However, both analytics and experience indicate that this is not always the case. Whether a country has more monetary autonomy depends upon whether fiat money is paired with fixed exchange rates (regime 3) or flexible exchange rates (regime 4). More autonomy is possible with flexible exchange rates (regime 4). Such autonomy is largely possible because foreign exchange markets are allowed to accommodate the wide variations in national monetary policies. Under this regime, the purchasing power parity (PPP) theory of exchange rates assumes elevated importance in accounting for foreign exchange market adjustments. Exchange rate regime 4 has been in place (in many countries) for more than four decades, and there are critics. Those who advocate scrapping this arrangement generally favor a return to either regime 2 or regime 3.
530			_a2 _ub
530			_aAlso available in printing.
538			_aMode of access: World Wide Web.
588			_aTitle from PDF title page (viewed on April 5, 2018).
650		0	_aForeign exchange market.
650		0	_aForeign exchange rates.
653			_acentral banking
653			_acommodity money
653			_adeflation
653			_afiduciary money
653			_afiat money
653			_afixed exchange rates
653			_aflexible exchange rates
653			_ainflation
653			_apurchasing power parity
655		0	_a[genre]
655		0	_aElectronic books.
776	0	8	_iPrint version: _z9781947098800
830		0	_aEconomics collection. _x2163-7628
856	4	0	_uhttps://go.openathens.net/redirector/ciu.edu?url=https://portal.igpublish.com/iglibrary/search/BEPB0000718.html
942			_2lcc _bCIU _cOB _eBEP _QOL _zBEP9781947098718
999			_c73402 _d73402
902			_c1 _dCynthia Snell