Product Details

• Amazon Sales Rank: #36992 in Books
• Published on: 2005-11-15
• Original language: English
• Number of items: 1
• Binding: Paperback
• 512 pages

Synopsis
The third edition of this internationally renowned and respected textbook is an ideal introduction to International Finance. Theory is clearly explained and constantly related to the realities of the modern world economy. Readers are guided through theories and differing policies of Balance of Payments, Exchange Rates and the International Monetary System. Figures, tables and graphs are used extensively to illustrate arguments in the text. It is also thoroughly updated and includes a new chapter on the Asian Financial Crisis.

From the Publisher
toc
Contents: Introduction

PART 1: BALANCE-OF-PAYMENTS THEORY AND POLICY

The Foreign Exchange Market

The Balance-of-Payments

Elasticity and Absorption Approaches to the Balance-of-Payments

Macroeconomic Policy in an Open Economy

The Monetary Approach to the Balance-of-Payments

PART 2: EXCHANGE-RATE DETERMINATION: THEORY, EVIDENCE AND POLICY

Purchasing Power Parity and Floating Exchange-Rate Experience

Monetary Models of Exchange-Rate Determination

The Portfolio Balance Model

Empirical Evidence on Exchange Rates

Fixed, Flexible and Managed Exchange Rates

PART 3: THE POSTWAR INTERNATIONAL MONETARY SYSTEM

The Postwar International Monetary System

The Eurocurrency and Eurobond Markets

Derivatives: Currency Futures, Options and Swaps

International Policy Co-ordination

International Debt

European Monetary Union and the European Monetary System

Customer Reviews

Very comprehensive
This is easily the best of the books that I have had delivered to cover our course in international macroeconomics this term. It covers the balance of payments,exchange rates, the European Monetary Union and the Asian financial crisis. There is a great balance between the theory and data - we are also using another book which only has theory but surely it should be a combination if students is to remain interested. Although the course has been only running for a couple of weeks this book is proviing to be a great investment.

In-depth treatment but lack of dynamic analyses
It is a good treatment to the topics overall. It provides deep and approachable details of the chapters. However it lacks of dynamic insights into the topics and the assessments of the real world applications of the models and theories. Undergraduate students will find the book helpful as a reference, but couldn't be a classical text of this topic.

International Finance

The book has helped me gain a clearer understanding in a difficult subject! Fast delivery and condition as described!