Select your rental length

Starts: Today

Rent From: $24.92

Deliver to your Kindle or other device

Enter a promotion code
or gift card

Try it free

Sample the beginning of this book for free

Deliver to your Kindle or other device

Anybody can read Kindle books—even without a Kindle device—with the FREE Kindle app for smartphones, tablets and computers.
Sorry, this item is not available in
Image not available for
Image not available

To view this video download Flash Player


Exchange-Rate Dynamics (Princeton Series in International Economics) [Kindle Edition]

Martin D. D. Evans

Digital List Price: $90.00 What's this?
Print List Price: $90.00
Rent From: $24.92 or Buy Price: $51.49
Save up to: $65.08 (72%) You Save: $38.51 (43%)

  • Print ISBN-10: 0691150893
  • Print ISBN-13: 978-0691150895
  • Length: 600 pages
  • Due to its large file size, this book may take longer to download


Amazon Price New from Used from
Kindle Edition
Rent from
Hardcover $57.09  
Kindle Business Book Daily Deal
Today only, Peter Fuda's "Leadership Transformed" is on sale for only $1.99. Shop now

Book Description

Variations in the foreign exchange market influence all aspects of the world economy, and understanding these dynamics is one of the great challenges of international economics. This book provides a new, comprehensive, and in-depth examination of the standard theories and latest research in exchange-rate economics. Covering a vast swath of theoretical and empirical work, the book explores established theories of exchange-rate determination using macroeconomic fundamentals, and presents unique microbased approaches that combine the insights of microstructure models with the macroeconomic forces driving currency trading.

Macroeconomic models have long assumed that agents--households, firms, financial institutions, and central banks--all have the same information about the structure of the economy and therefore hold the same expectations and uncertainties regarding foreign currency returns. Microbased models, however, look at how heterogeneous information influences the trading decisions of agents and becomes embedded in exchange rates. Replicating key features of actual currency markets, these microbased models generate a rich array of empirical predictions concerning trading patterns and exchange-rate dynamics that are strongly supported by data. The models also show how changing macroeconomic conditions exert an influence on short-term exchange-rate dynamics via their impact on currency trading.

Designed for graduate courses in international macroeconomics, international finance, and finance, and as a go-to reference for researchers in international economics, Exchange-Rate Dynamics guides readers through a range of literature on exchange-rate determination, offering fresh insights for further reading and research.

  • Comprehensive and in-depth examination of the latest research in exchange-rate economics
  • Outlines theoretical and empirical research across the spectrum of modeling approaches
  • Presents new results on the importance of currency trading in exchange-rate determination
  • Provides new perspectives on long-standing puzzles in exchange-rate economics
  • End-of-chapter questions cement key ideas

Editorial Reviews

From the Inside Flap

"This ambitious and impressive book covers the international macroeconomics and finance literature on nominal exchange-rate determination. It will be a useful reference for those who want to understand standard theoretical models and empirical techniques, and for those who want to specialize in the microstructure of the foreign exchange markets."--Pierre-Olivier Gourinchas, University of California, Berkeley

"There is no other book of this kind. Sound and interesting, it provides a rigorous treatment of exchange-rate economics. The new concepts and interpretation of exchange-rate behavior will spur more research in this area. The book will interest a broad community in international finance, practitioners in the foreign exchange market, and policymakers."--Lucio Sarno, Cass Business School, City University London

About the Author

Martin D. D. Evans is professor of economics in the Department of Economics and professor of finance in the McDonough School of Business at Georgetown University.

Product Details

  • File Size: 11213 KB
  • Print Length: 600 pages
  • Publisher: Princeton University Press (March 14, 2011)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B004USISX4
  • Text-to-Speech: Enabled
  • X-Ray:
  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #985,808 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
  •  Would you like to give feedback on images?

Customer Reviews

There are no customer reviews yet.
5 star
4 star
3 star
2 star
1 star
Share your thoughts with other customers

More About the Author

Discover books, learn about writers, read author blogs, and more.


There are no discussions about this product yet.
Be the first to discuss this product with the community.
Start a new discussion
First post:
Prompts for sign-in

Look for Similar Items by Category