A wonder of clarity, with the ideal balance of topic coverage for advanced
undergraduate and Masters courses.
Table of Contents
Preface to the fifth edition
Publishers' acknowledgements
1. Introduction
PART 1: THE INTERNATIONAL SETTING
2. Prices in the open economy: purchasing power parity
3. Financial markets in the open economy
4.Open economy macroeconomics
PART 2: EXCHANGE RATE DETERMINATION
5. Flexible prices: the monetary model
6. Fixed prices: the Mundell-Fleming model
7. Sticky prices: the Dornbush model
8. Portfolio balance and the current account
9. Currency substitution
10. General equilibrium models
11. Optimum currency areas and monetary union
PART 3: A WORLD OF UNCERTAINTY
12. Market efficiency and rational expectations
13. The 'news' model and exchange rate volatility
14. Microstructure models
15. The risk premium
PART 4: FIXED EXCHANGE RATES
16. A certain uncertainty: non-linearity, cycles and chaos
17. Target zones
18. Crises and credibility
PART 5: CONCLUSIONS
19. Conclusions
Appendix: list of symbols
Bibliography
Index
544 pages, Paperback