Exchange Rates And International Finance - 3rd Edition - Copeland Laurence-S

. .

Résumé :
Exchange rates and exchange rate fluctuations play an increasingly important role in all of our lives. Exchange and International Finance provides a clear and concise guide to the causes and consequences of exchange rate fluctuations and will enable readers to grasp the essentials of exchange rate/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 modem finance theory. Both fixed and floating exchange rate models and empirical results are explored and discussed. Written in a clear and concise style and thoroughly updated in its third edition, this successful text continues to make exchange rate theories, models, causes and consequences accessible to a broad readership. The new edition references appropriate web sites throughout, which co-ordinate with the book's own companion website at www.booksites.net/copeland.

Sommaire:
["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 Mundell-Flemming 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","A certain uncertainty: non-linearity, cycles and chaos","FIXED EXCHANGE RATES","Target zones","Crises and credibility."]