Exchange Rates and International Finance
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
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.