"International Business Finance introduces students to the fundamental workings of business and finance in the global economy. The text brings clarity and focus to the complexities of the field, and demonstrates the key linkages between the foreign exchange markets and world money markets."...

We develop a dual currency search model to study equilibrium currency exchange and the determination of nominal exchange rates. Agents hold portfolios consisting of two distinct currencies. We study equilibria in which the two currencies are identical and equilibria in which the two currencies...