
THE BASICS OF FOREIGN EXCHANGE
A Monetary Systems Approach
GERDES(Author)
Business Expert Press
Published on 16. September 2014
Book
Paperback/Softback
94 pages
978-1-60649-820-0 (ISBN)
Description
In an increasingly interdependent global economy, an understanding of foreign exchange markets is more critical than ever. These markets are inextricably entwined with underlying monetary standards and consequently they are treated conjointly in this book. Four different foreign exchange rate regimes are analyzed including exchange rates under commodity money, fiduciary money, fiat money (with fixed exchange rates), and fiat money (with flexible exchange rates). For more than eight decades, most ountries have operated with fiat money. Proponents maintain that fiat money provides individual countries with much greater monetary autonomy. Yet both analytics and experience indicate that this is not always the case. Whether a country has more monetary autonomy depends on whether fiat money is paired with fixed or flexible exchange rates. Although flexible exchange rate regimes are not without their critics, it has become increasingly apparent that fiat money with flexible rates provides individual countries much greater monetary autonomy. This arrangement allows participants in foreign exchange markets greater latitude for adjusting to the wide variations in national monetary policies that are prevalent with fiat money. Several audiences may find this book beneficial: undergraduate students in economics and finance, students of inter
national business, graduate students, students in executive programs who need to expand their knowledge of international finance, and practicing executives and managers- especially those who are employed by companies operating globally.
More details
Language
English
Place of publication
Sterling Forest
United States
Product notice
Paperback (trade)
Unsewn / adhesive bound
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 6 mm
Weight
167 gr
ISBN-13
978-1-60649-820-0 (9781606498200)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Professor, Clarke University, Dubuque, IA