Exchange Rates and International Finance, 6th edition

Published by Pearson (April 17, 2014) © 2014

  • Laurence Copeland Cardiff University
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Title overview

Acclaimed for its clarity, Exchange Rates and International Finance provides an approachable guide to the causes and consequences of exchange rate fluctuations, enabling you to grasp the essentials of the theory and its relevance to these major events in currency markets.

 

The orientation of the book remains towards exchange rate determination, with particular emphasis given to the contributions of modern finance theory.

 

This sixth edition of this established text addresses the impact of the global financial crisis.

Table of contents

  1. 1 Introduction
  2. 2 Prices in the open economy: purchasing power parity
  3. 3 Financial markets in the open economy
  4. 4 Open economy macroeconomics
  5. 5 Flexible prices: the monetary model
  6. 6 Fixed prices: the Mundell–Fleming model
  7. 7 Sticky prices: the Dornbusch model
  8. 8 Portfolio balance and the current account
  9. 9 Currency substitution
  10. 10 General equilibrium models
  11. 11 Market efficiency and rational expectations
  12. 12 The risk premium
  13. 13 Target zones
  14. 14 Crises and credibility
  15. 15 Optimum currency areas, monetary union and the eurozone
  16. 16 Heterogeneous expectations and scapegoat models

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