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
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."