International Financial Markets
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The first chapter introduces the foreign exchange market and describes its structure, conduct, and performance. In the second chapter students learn about the interdependence of financial markets and are exposed to principal theories and concepts such as market efficiency and purchasing power parity. Chapter Three discusses the international monetary system, while Chapter Four expands on the topic by presenting variables that influence exchange rates. Chapter Five addresses forecasting approaches and measure for evaluating them. The sixth chapter describes the risks posed by exchange rate volatility, and the final chapter examines the major characteristics of financial markets operating across borders.
Rooted in a strong belief that all business students need to understand international finance, no matter what their area of specialization, International Financial Markets can be used in courses in finance, accounting, and economics.