The Economics of Foreign Exchange and Global Finance

Authors: Wang, Peijie

  • Identifies the factors and players in foreign exchange markets and international finance
  • Examines theory and practice in a single volume in an integrated and systematic way
  • Improves understanding of international monetary and financial management in a practical way
  • Various exercises and internet links provide extra help
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eBook $44.99
price for USA (gross)
  • ISBN 978-3-642-00100-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $169.00
price for USA
  • ISBN 978-3-642-00106-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $59.95
price for USA
  • ISBN 978-3-642-11136-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this Textbook

This book presents all major subjects in international monetary theory, foreign exchange markets, international financial management and investment analysis. The book is relevant to real world problems in the sense that it provides guidance on how to solve policy issues as well as practical management tasks. This in turn helps the reader to gain an understanding of the theory and refines the framework. 
This second edition of the book incorporates two new chapters, together with updating most chapters in the first edition, integrating new materials, data, and/or the recent developments in the areas. The book can be used in graduate and advanced undergraduate programmes in international or global finance, international monetary economics, and international financial management. 

Subjects covered include:

- foreign exchange markets and foreign exchange rates

- exchange rate regimes and international monetary systems

- international parity conditions

- balance of payments and international investment positions

- open economy macroeconomics

- balance of payments issues and exchange rate movements: the elasticity approach, the absorption approach, the monetary approach, and analysis of FDI and trade balance interactions

- models of exchange rate determination: the Mundell-Fleming model, the flexible price monetary model, the Dornbusch model, the real interest rate differential model, and the portfolio balance model

- global derivatives markets

- derivative financial instruments for foreign exchange risk management: currency futures, currency options, and currency swaps

- measurement and management of transaction exposure, economic exposure and accounting exposure

- country risk analysis and sovereign risk analysis

- foreign direct investment and international portfolio investment

About the authors

Peijie Wang is Professor of Finance at the University of Hull Business School. He has taught and held visiting appointments at Southeast University, UMIST, University of Manchester, Manchester Business School, IESEG School of Management, Catholic University of Lille, Cass Business School, City University, University of Bradford and University of Reading. Prof. Wang is author of several books and a regular contributor to journals in the areas of international finance, real estate, finance and economics.

Table of contents (18 chapters)

  • Exchange Rate Regimes and International Monetary Systems

    Wang, Peijie

    Pages 1-13

  • The Portfolio Balance Approach to Exchange Rate Determination

    Wang, Peijie

    Pages 1-25

  • International Parity Conditions

    Wang, Peijie

    Pages 1-32

  • The Flexible Price Monetary Model

    Wang, Peijie

    Pages 1-17

  • Balance of Payments Issues and Exchange Rate Movements

    Wang, Peijie

    Pages 1-29

Buy this book

eBook $44.99
price for USA (gross)
  • ISBN 978-3-642-00100-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $169.00
price for USA
  • ISBN 978-3-642-00106-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $59.95
price for USA
  • ISBN 978-3-642-11136-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Economics of Foreign Exchange and Global Finance
Authors
Copyright
2009
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-00100-0
DOI
10.1007/978-3-642-00100-0
Hardcover ISBN
978-3-642-00106-2
Softcover ISBN
978-3-642-11136-5
Edition Number
2
Number of Pages
XIV, 432
Number of Illustrations and Tables
110 b/w illustrations
Topics