Exchange Rates and International Finance 3rd Edition

Author: (Eng) Copeland Kan
Publisher:
Publishing Date: 2002-04-01
Features: This book has a very prominent feature: the author explains the modern exchange rate theory in a simple and clear manner, covering both basic knowledge and more advanced uncertainty analysis. The parts that should have used complex mathematics are simplified, using geometric mathematical methods for analysis and introduction. Undergraduate economics students, business management master's students, bank employees, and other financial workers who have basic knowledge of mathematics and economics can read this book and grasp its key points. The focus of this book is to introduce the theory of exchange rates under a floating exchange rate system rather than policy. The book is divided into four parts, with the second part being the essence of the book, "Determination of Exchange Rates." In this part, the author introduces the main schools of contemporary Western exchange rate theory and their origins. In other parts, he discusses related issues to exchange rate theory, such as balance of payments, the evolution of the international monetary system, international financial markets in open economies, expectations of exchange rate and international interest rate changes, buying and selling foreign exchange futures, and the risks of foreign exchange trading.