Exchange Rates and the Economy Theory and Policy Explained

Are you Studying economics as a full time student or as part of your job in the finance industry? Then this new Studymate is an essential tool for you: it has been written by an experienced economist and teacher and guides you through this complex maze of economic theory. The first topic to be explained fully is the balance of payments and its effect on the economy. Nominal and real exchange rates are important in the economic world and these are explained in straightforward terms, plus: the need for government intervention; the effect of devaluation and revaluation on the nation state's currency; exchange rate policies; fixed exchange rates and floating exchange rates are discussed; interest rates and the currency market; exchange rates and macroeconomic policy; European developments with the Single Currency; The book is designed to explain complex ideas in a manner that will lead you straight to the core of the concept, saving you time and pinpointing the essential key concepts to improve your understanding and performance in your studies or job.