TY - BOOK AU - Copeland, Laurence S. TI - Exchange rates and international finance SN - 9780273786047 AV - HG3821 .C78 2014 PY - 2014/// CY - Harlow, England PB - Pearson Education KW - Foreign exchange rates KW - International finance N1 - Includes bibliographical references (pages 551-562) and index; 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 — Target zones — Crises and credibility — Crises and credibility — Heterogeneous expectations and scapegoat models — Order flow analysis — A certain uncertainty: nonlinearity, cycles and chaos — Conclusions; MSc International Business: Unit 5. Managing Business Operations Globally N2 - 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 sixth edition of this established text addresses the impact of the global financial crisis ER -