Exchange Rates & International Finance, 6th edition

Book Description

Acclaimed for its clarity, Exchange Rates and International 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 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 crisis.

Table of Contents

Chapter 1 Introduction

PART 1 The international setting
CHAPTER 2 Prices in the open economy: purchasing power parity
Chapter 3 Financial markets in the open economy
Chapter 4 Open economy macroeconomics

PART 2 Exchange rate determination
Chapter 5 Flexible prices: the monetary model
Chapter 6 Fixed prices: the Mundell–Fleming model
Chapter 7 Sticky prices: the Dornbusch model
Chapter 8 Portfolio balance and the current account
Chapter 9 Currency substitution
Chapter 10 General equilibrium

PART 3 A world of uncertainty
Chapter 11 Market efficiency and expectations
Chapter 12 The ‘news’ model, exchange rate volatility and forecasting
Chapter 13 The risk premium

PART 4 Fixed exchange rates
Chapter 14 Target zones
Chapter 15 Crises and credibility
Chapter 16 Optimum currency areas, monetary union and the eurozone

PART 5 Alternative paradigms
Chapter 17 Heterogeneous expectations and scapegoat models
Chapter 18 Order flow
Chapter 19 A certain uncertainty: nonlinearity, cycles and chaos

PART 6 Conclusions
Chapter 20 Conclusions

Appendix: list of symbols

Book Details

  • Title: Exchange Rates & International Finance, 6th edition
  • Author:
  • Length: 576 pages
  • Edition: 6
  • Language: English
  • Publisher:
  • Publication Date: 2014-09-03
  • ISBN-10: 0273786040
  • ISBN-13: 9780273786047
Download LinkFormatSize (MB)Upload Date
Direct download (Recommended!)True PDF8.604/30/2019
Download from UsersCloudTrue PDF8.606/01/2018
Download from UsersCloudTrue PDF8.611/20/2018
How to Download? Report Dead Links & Get a Copy

Leave a Reply