Exchange Rates and International Finance - Laurence Copeland

Exchange Rates and International Finance

Buch | Softcover
512 Seiten
2004 | 4th edition
Financial Times Prentice Hall (Verlag)
978-0-273-68306-3 (ISBN)
57,70 inkl. MwSt
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'Exchange Rates and International Finance' provides a clear and concise guide to the causes and consequences of exchange rate fluctuations, enabling the reader to grasp the essentials of theory and its relevance to major events in currency markets. Particular emphasis is given to the contributions of modern finance theory.
Exchange rates and exchange rate fluctuation play an increasingly important role in all our lives, Exchange Rates and International Finance provides a clear and concise guide to the causes and consequences of exchange rate fluctuations, enabling the reader to grasp the essentials of theory and its relevance to major events in currency markets. The orientation of the book is towards exchange rate determination with particular emphasis given to the contributions of modern finance theory. Both fixed and floating exchange rate models and empirical results are explored and discussed.

Preface to the fourth edition Publishers' acknowledgements 1. Introduction PART 1: THE INTERNATIONAL SETTING 2. Prices in the open economy: purchasing power parity 3. Financial markets in the open economy 4. Open economy macroeconomics PART 2: EXCHANGE RATE DETERMINATION 5. Flexible prices: the monetary model 6. Fixed prices: the Mundell-Fleming model 7. Sticky prices: the Dornbush model 8. Portfolio balance and the current account 9. Currency substitution 10. General equilibrium models 11. Optimum currency areas and monetary union PART 3: A WORLD OF UNCERTAINTY 12. Market efficiency and rational expectations 13. The 'news' model and exchange rate volatility 14. The risk premium PART 4: FIXED EXCHANGE RATES 15. A certain uncertainty: non-linearity, cycles and chaos 16. Target zones 17. Crises and credibility PART 5: CONCLUSIONS 18. Conclusions Appendix: list of symbols Bibliography Index

Erscheint lt. Verlag 18.11.2004
Verlagsort Harlow
Sprache englisch
Maße 190 x 246 mm
Gewicht 994 g
Themenwelt Wirtschaft Betriebswirtschaft / Management Finanzierung
Wirtschaft Volkswirtschaftslehre Finanzwissenschaft
ISBN-10 0-273-68306-3 / 0273683063
ISBN-13 978-0-273-68306-3 / 9780273683063
Zustand Neuware
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