Exchange rates and exchange rate fluctuation play an increasingly important role in all our lives. Exchange Rates and International Finance provides a clear and concise guide to the causes and consequences of exchange rate fluctuations, enabling the reader to grasp the essentials of theory and its relevance to major events in currency markets.

The orientation of the book is 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.

Suitable for advanced level undergraduates and postgraduates. It may also be suitable for some MBA modules.

Renowned for its authoritative, comprehensive coverage of contemporary international finance, this market-leading text trains the leaders of tomorrow’s multinational enterprises to recognize and capitalize on the unique characteristics of global markets. Because the job of a manager is to make financial decisions that increase firm value, the authors have embedded real-world mini-cases throughout to apply chapter concepts to the types of situations managers of multinational firms face.