Copeland, Laurence S.,

Exchange rates and international finance / Laurence S. Copeland. - Sixth edition. - xiv, 573 pages ; 25 cm

Includes bibliographical references and index.

List of exhibits -- Preface and acknowledgements -- Introduction -- The international setting -- Prices in the open economy : purchasing power parity -- 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 -- General equilibrium models -- A world of uncertainty -- Market efficiency and rational expectations -- The "news" model, exchange rate volatility and forecasting -- The risk premium -- Fixed exchange rates -- Target zones -- Crises and credibility -- Crises and credibility -- Optimun currency areas, monetary union and eurozone -- Alternative parapigms -- Heterogeneous expectations and scapegoat models -- Order flow analysis -- A certain uncertainty: nonlinearity, cycles and chaos -- Conclusions -- Bibliography -- Index.

0273786040 9780273786047

2013049374


Foreign exchange rates.

HG3821 / .C78 2014

332.456