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Journal of Economic Literature - Book Review

JEL Volume. 51, Issue 2 | leftPrevious Review Next Review right

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Book(s) Reviewed

The Macroeconomic Theory of Exchange Rate Crises by Giovanni Piersanti

Published By: Oxford and New York: Oxford University Press
ISBN: 978-0-19-965312-6
Date of Publication: 2012


Book Review Detail

Reviewed by: Graciela Laura Kaminsky of George Washington University
Review DOI: 10.1257/jel.51.2.544.r5
Review Pages: 553-55

Book Review Abstract

Graciela Laura Kaminsky of George Washington University reviews, "The Macroeconomic Theory of Exchange Rate Crises" by Giovanni Piersanti. The Econlit abstract of this book begins: "Presents a macroeconomic perspective on international financial crises, examines the role played by financial intermediaries on speculative attacks and other crises, and considers existing analytical models. Discusses the basic monetary model of the exchange rate; crises and policy imbalances; crises and self-fulfilling expectations; and dynamics of crises. Piersanti is Professor of Economics at the University of Teramo and the University of Rome - Tor Vergata."


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Book Review Authors

Graciela Laura Kaminsky of George Washington University


JEL Classifications

F31: Foreign Exchange
F33: International Monetary Arrangements and Institutions
G01: Financial Crises


Journal of Economic Literature


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