Description
Book SynopsisInternational Finance is an established and internationally renowned introduction to the subject. It draws on recent events to provide comprehensive coverage of traditional theories and new research relating to the balance of payments, exchange rate determination and the international monetary system.Offering an extensive overview of the empirical evidence on the theories and concepts discussed, this textbook provides grounding in the fundamental features of international finance, from basic economic concepts to the various international crises of the twentieth century and into the effects and response to the Eurozone crises and Covid-19 pandemic.
Trade ReviewAn excellent textbook covering different topics in international finance, from basics to more advanced - making it very versatile. Unlike other textbooks in international finance which are geared towards international financial management or international economics, this is possibly the best international finance book I have come across and I have been waiting for quite a few years now for an updated version -- Gabriella Legrenzi, Senior Lecturer, Keele University * Draft manuscript review *
The content covered is excellent and in many aspects superior to the mainstream textbooks. The structure is very convenient and allows the lecturer to scale the content coverage due t the nature of Part 3, which I find a most valuable addition. -- Alexandre Dmitriev, Senior Lecturer, University of Auckland * Draft manuscript review *
It is very good. It explains concepts well. I especially like that it is good on giving examples and surveying relevant empirical literature. -- Tom Willett, Professor, Claremont Graduate College, USA * Draft manuscript review *
I will continue to use this book as the sole textbook for my undergraduate module dealing with international finance. I believe that no further changes are needed. I enjoyed a lot reading this new version of the book! -- Athanasios Triantafyllou, Lecturer, University of Essex * Draft manuscript review *
Table of ContentsIntroduction Part 1: Balance of Payments Theory and Practice 1. The Foreign Exchange System 2. The Balance of Payments 3. Elasticity and Absorption Approaches to the Balance of Payments 4. Macroeconomic Policy in an Open Economy 5. The Monetary Approach to the Balance of Payments Part 2: Exchange Rate Determination: Theory, Evidence and Policy 6. Purchasing Power Parity Theory and Floating Exchange Rate Experience 7. Modern Models of Exchange Rate Determination 8. The Portfolio Balance Model 9. Empirical Evidence on Exchange Rates 10. Fixed, Floating and Managed Exchange Rates Part 3: The Post-war International Monetary System 11. The International Monetary System 12. The Eurocurrency and Eurobond Markets 13. Currency Derivatives: Futures, Options and Swaps 14. International Macroeconomic Policy Coordination 15. The Latin American Debt Crisis 16. The European Monetary System and European Monetary Union 17. Currency Crises and the East Asian Financial Crisis 18. Financial Innovation and the Credit Crunch
