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Exchange Rates and International Finance

Exchange Rates and International Finance

5th Edition

Laurence Copeland

May 2008, Paperback, 544 pages
ISBN13: 9780273710271
ISBN10: 0273710273
For orders to USA, Canada, Australia, New Zealand or Japan visit your local Pearson website
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A wonder of clarity, with the ideal balance of topic coverage for advanced undergraduate and Masters courses.

Preface to the fifth 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. Microstructure models

15. The risk premium

PART 4: FIXED EXCHANGE RATES

16. A certain uncertainty: non-linearity, cycles and chaos

17. Target zones

18. Crises and credibility

PART 5: CONCLUSIONS

19. Conclusions

Appendix: list of symbols

Bibliography

Index

  • A clear, non-technical explanation of the issues, emphasising intuitive understanding and interpretation of economic arguments rather than mathematical proofs.
  • Provides a sound overview of empirical evidence, without going into intricate detail: a springboard for those wishing to delve deeper into the published literature.
  • Early chapters explain the basics of demand and supply, and basic macroeconomics, so those without prior study in economics will find the subject accessible.
  • Thoroughly updated to reflect recent events on the world monetary/financial scene.
  • Expanded and up-to-date coverage of the Euro.
  • New! Chapter 14 Microstructure models

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