Exchange Rates and International Finance
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Edition: 4th 2005 (Revised)
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This title provides a clear and concise guide to the essentials of exchange rate theory and its relevance to major events in currency markets.
Copyright year: 2005
Publisher: Pearson Education, Limited
Size: 7.25" wide x 9.50" long x 1.25" tall
|The international setting: prices in the open economy|
|Purchasing power parity the financial markets in the open economy open economy macroeconomics|
|Exchange rate determination: flexible prices|
|The monetary model fixed prices|
|The Mundell-Fleming model sticky prices|
|The Dornbusch model portfolio balance and the current account currency substitution optimum currency areas and monetary union|
|A world of uncertainty: market efficiency and rational expectations the "news" model and exchange rate volatility the risk premium|
|Conclusions: a certain uncertainty|
|Nonlinearity, cycles and chaos conclusions|