Exchange Rates and International Finance (6e) : 9780273786047

Exchange Rates and International Finance (6e)

Copeland
 
Edition
 
6
ISBN
 
9780273786047
ISBN 10
 
0273786040
Published
 
17/04/2014
Published by
 
Pearson United Kingdom
Pages
 
592
Format
 
Available on demand
 
Title type
Book
$124.99
 
 
Title type
 
$60.00
 
 
Description

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

Table of contents
  • 1 Introduction   
  • 2 Prices in the open economy: purchasing power parity
  • 3 Financial markets in the open economy
  • 4 Open economy macroeconomics
  • 5 Flexible prices: the monetary model
  • 6 Fixed prices: the Mundell–Fleming model
  • 7 Sticky prices: the Dornbusch model
  • 8 Portfolio balance and the current account
  • 9 Currency substitution
  • 10   General equilibrium models
  • 11   Market efficiency and rational expectations
  • 13   The risk premium
  • 14   Target zones
  • 15   Crises and credibility
  • 16   Optimum currency areas, monetary union and the eurozone
  • 17   Heterogeneous expectations and scapegoat models
  • 18   Order flow analysis
  • 19   A certain uncertainty: nonlinearity, cycles and chaos
  • 20   Conclusions
New to this edition

  • New to this edition

    • New chapter on Scapegoat Models
    • Extended coverage on risk, global financial crisis, forecasting issues (Meese and Rogoff), factor models and the latest developments in the Eurozone
    • Chapters re-ordered to improve structure and flow of topics
    • Inclusion of FT articles and vignettes, illustrating real-world examples with accompanying questions
    • Learning outcomes
    • Updated reading guides
    • Improved PowerPoint slides and ‘bank of questions’ for lecturers