
Exchange Rates and International Finance
Résumé
The third edition of this successful text continues to make accessible the theories and models, causes and consequences of exchange rate fluctuations. Written in a clear and concise style Exchange Rates and International Finance will enable readers to grasp the essentials of exchange rate theory.
New to this edition:
- A new chapter on economics of currency unions, focusing on the proposed European union.
- Improved pedagogy and clearer design and layout.
- Expansion of transaction costs, coverage of EMU and EMS and financial futures.
- Addition of Target Zones and Monetary Policy.
- More information on the IMS and the IMF.
- Greater inclusion of IT.
Features:
- The orientation of the book is towards exchange rate determination, rather than policy issues, with particular emphasis given to the contributions of modern finance theory.
- Both fixed anf floating exchange rate models and empirical results are explored and discussed.
- A clear, non-technical explanation of the issues, emphasising intuitive explanations using a minimum of mathematics.
- Demonstrates the links between macroeconomics and exchange rate determination.
- Provides a thorough grounding in exchange rate issues.
Sommaire
- Introduction
- Part I The International Setting
- Prices in the open economy: purchasing power parity
- The financial markets in the open economy
- Open economy macroeconomics
- Part IIExchange rates determination
- Flexible prices: the monetary model
- Fixed prices: the Mundell-Fleming model
- Sticky prices: the Dornbush model
- Portfolio balance and the current account
- Currency substitution
- Optimum currency areas and monetary union
- Part III A world of uncertainty
- Market efficiency and rational expectations
- The "news" model and exchange rate volatility
- The risk premium
- A certain uncertainty: non-linearity, cycles and chaos
- Target zones
- Crises and credibility
- Part IV Conclusions
- Conclusions
- Appendix
- Index
Caractéristiques techniques
PAPIER | |
Éditeur(s) | Prentice Hall |
Auteur(s) | Laurence Copeland |
Parution | 20/02/2004 |
Édition | 3eme édition |
Nb. de pages | 493 |
Format | 17 x 23,5 |
Couverture | Broché |
Poids | 845g |
Intérieur | Noir et Blanc |
EAN13 | 9780201398502 |
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