The Economics of Exchange Rates (Collected Works of Harry Johnson): Selected Studies

This book examines the determination of foreign exchange rates and the characteristics of the foreign exchange market, using the authors' "asset-market approach." It combines theory with practical application for readers with a basic understanding of economics.

Format: Paperback / softback
Length: 222 pages
Publication date: 31 March 2022
Publisher: Taylor & Francis Ltd

This book delves into the intricate realm of determining foreign exchange rates and exploring the unique characteristics of the foreign exchange market. Through a novel approach coined by the authors, known as the "asset-market approach," the analysis delves into the dynamics of flexible exchange rates. The theoretical foundations are seamlessly intertwined with practical applications, making the content accessible and engaging to readers with a foundational understanding of economics.

The authors employ a comprehensive framework to examine the factors influencing foreign exchange rates, including economic indicators, political developments, and market sentiment. They shed light on the mechanisms that drive currency fluctuations and the strategies employed by traders and investors to navigate the ever-evolving forex market.

Furthermore, the book delves into the role of central banks and monetary policies in shaping the foreign exchange market. It discusses the tools and techniques used by central banks to manage exchange rates and maintain economic stability. The impact of global economic events, such as trade wars and geopolitical tensions, on foreign exchange rates is also explored in depth.

By presenting a balanced and comprehensive analysis, this book serves as a valuable resource for students, professionals, and anyone interested in gaining a deeper understanding of the foreign exchange market. It provides a solid foundation for those seeking to pursue careers in finance, economics, or international business.

In conclusion, this book offers a comprehensive and insightful exploration of the determination of foreign exchange rates and the intricacies of the foreign exchange market. Through a rigorous theoretical framework and practical applications, it provides readers with a comprehensive understanding of the key factors that shape currency movements and the strategies employed to navigate this dynamic market. Whether you are a novice or an experienced investor, this book is a must-read for anyone seeking to thrive in the world of international finance.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032051079