本书原定价161.90美元,净重1100克,馆藏自然旧。【图书分类:经济 > 财政、金融 > 金融、银行 > 金融、银行理论 > 汇兑 > 国外汇兑和国际结算】In its fifth edition, Exchange Rates and International Finance explains why the world is moving away from the dollar while focusing on important new currencies and new markets.
A wonder of clarity, with the ideal balance of topic coverage for advanced undergraduate and Masters courses.
Table of Contents: 1Introduction1 2Prices in the open economy : purchasing power parity43 3Financial markets in the open economy81 4Open economy macroeconomics109 5Flexible prices : the monetary model145 6Fixed prices : the Mundell-Fleming model172 7Sticky prices : the Dornbusch model191 8Portfolio balance and the current account216 9Currency substitution236 10General equilibrium models249 11Optimum currency areas and monetary union282 12Market efficiency and rational expectations315 13The 'news' model and exchange rate volatility339 14The risk premium363 15A certain uncertainty : non-linearity, cycles and chaos381 16Target zones413 17Crises and credibility444 18Conclusions475
From the Back Cover: The international landscape of the world economy changes with each edition of Exchange Rates and International Finance. None more so, however, than with publication of the fifth edition at a time when the world is moving away from dollar and Euro domination and newly- important currencies begin to emerge in new markets.
Acclaimed for its clarity, Exchange Rates and International Finance 5th edition, 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. Both fixed and floating exchange rate models and empirical results are explored and discussed.
Retaining classic features built up over the years such as a clear, non-technical explanation of the issues and a focus on intuitive understanding and interpretation of economic arguments rather than mathematical rigour, the fifth edition has been thoroughly updated to reflect recent events on the monetary/financial scene including:
KEY FEATURES OF THE FIFTH EDITION •Coverage of leading edge material with a new chapter 14 on microstructure models. •New developments in market efficiency and rational expectations explored in chapter 12. •A balanced summary of the most recent research including explanations of the problems faced by researchers in this field, and an indication of what questions remain open. •Provides a sound overview of empirical evidence, without going into intricate detail, enabling the reader to understand the economic argument in the published literature, even if the technicalities remain out of reach.
Suitable for those following a course on international finance, international macroeconomics, or international money as a part of an economics or business programme at advanced undergraduate, MBA or specialist Masters levels.
Laurence Copeland is Professor of Finance and Director of the Investment Management Research Unit at Cardiff University, UK.
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