The basics of foreign exchange markets : a monetary systems approach / William D. Gerdes.

Format:

Book

Author/Creator:

Gerdes, William D., author.

Language:

English

Subjects (All):

Foreign exchange market.

Foreign exchange rates.

Money--Tables.

Money.

Physical Description:

1 online resource (106 pages)

Edition:

2nd ed.

Place of Publication:

[Place of publication not identified] : Business Expert Press, [2018]

Summary:

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 countries 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 international 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.

Contents:

The basics of foreign exchange markets : a monetary systems approach

Abstract; Keywords

Contents

Preface

Chapter 1: Introduction

Chapter 2: Money and Monetary Systems

Chapter 3: Foreign Exchange Markets

Chapter 4: Foreign Exchange Markets With Commodity and Fiduciary Monies

Chapter 5: Foreign Exchange Markets With Fiat Money: Fixed Exchange Rates

Chapter 6: Foreign Exchange Markets With Fiat Money: Flexible Exchange Rates

Chapter 7: Proposals Advanced by Critics of Flexible Exchange Rates

Notes

References

Index.

Notes:

Description based on print version record.

ISBN:

9781947098718

1947098713

OCLC:

1152264119