As globalization progresses, exchange rates have become increasingly wedded to internal and external economic policies. This edited collection tackles key questions in this important and growing area.

Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.