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Exchange Rates and International Finance
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5 of 5 people found the following review helpful
on 3 February 1999
this book is written in a clear style and most of the sections in the book can be self taught as it is very lucid. i recommend this book to all the students of international finance and also to those who always wanted to learn about the functioning of foreign exchange mechanism.
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2 of 2 people found the following review helpful
on 11 September 2010
If only all texts were written like this : a clear and concise explanation of the economic fundamentals of exchange rate determination.

P.P.P, relative P.P.P, C.I.R.P and U.I.R.P are explained unambiguously and so the monetary, Mundell-Fleming and Dornbusch 'overshooting' models flow naturally.

The talented author does NOT neglect the empirical validity of the models either.

Overall, International Economics has never looked sexier.
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on 12 May 2013
Good book for beginner. But I dont like honeymoon effect and target zone part.... bloody hard for me...Dornbusch Overshooting Model is interesting
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