International Finance and Currency Markets

  1. Exchange Rate Determination and Forecasting
    1. Exchange Rate Regimes
      1. Fixed Exchange Rate Systems
        1. Pegged Exchange Rates
          1. Currency Boards
          2. Floating Exchange Rate Systems
            1. Free Float
              1. Managed Float
              2. Target Zone Arrangements
                1. Hybrid and Other Regimes
                2. Parity Conditions in International Finance
                  1. Purchasing Power Parity
                    1. Absolute PPP
                      1. Relative PPP
                        1. Deviations from PPP
                          1. The Real Exchange Rate
                          2. The Fisher Effect
                            1. Nominal Interest Rates
                              1. Real Interest Rates
                              2. The International Fisher Effect
                                1. Interest Rate Parity
                                  1. Covered Interest Arbitrage
                                    1. Uncovered Interest Rate Parity
                                      1. Forward Premium and Discount
                                    2. Asset Market Approach to Exchange Rates
                                      1. Role of Financial Assets
                                        1. Capital Flows and Exchange Rates
                                          1. Expectations and Exchange Rate Movements
                                          2. Forecasting Exchange Rates
                                            1. Fundamental Forecasting
                                              1. Macroeconomic Indicators
                                                1. Balance of Payments Data
                                                2. Technical Forecasting
                                                  1. Chart Patterns
                                                    1. Technical Indicators
                                                    2. Market-Based Forecasting
                                                      1. Forward Rates as Predictors
                                                        1. Survey-Based Forecasts
                                                        2. Limitations of Exchange Rate Forecasting

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                                                      3. The Foreign Exchange Market

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                                                      5. The International Monetary System