The Economics of Foreign Exchange and Global Finance

Integrating theory and practice, this book explores foreign exchange rate determination within the context of global finance. It covers key subjects like international monetary theory, foreign exchange markets, and financial management, providing practical guidance for real-world policy and management challenges. The new edition features two additional chapters on the portfolio balance approach and balance of payments issues, alongside updated content on major models such as the Mundell-Fleming and Dornbusch models, enhancing its comprehensive examination of exchange rate theories.