on 11 September 2010
If only all texts were written like this : a clear and concise explanation of the economic fundamentals of exchange rate determination.
P.P.P, relative P.P.P, C.I.R.P and U.I.R.P are explained unambiguously and so the monetary, Mundell-Fleming and Dornbusch 'overshooting' models flow naturally.
The talented author does NOT neglect the empirical validity of the models either.
Overall, International Economics has never looked sexier.