Product Description

This is a fully-revised and updated textbook on international finance, covering the major traditional and modern theories, along with empirical and applied topics. There are also new chapters covering derivative instruments such as swaps, options and futures, and updated coverage of the Euromoney and Eurobond markets.

Product Details

• Amazon Sales Rank: #444703 in Books
• Published on: 1998-06-22
• Original language: English
• Binding: Paperback
• 520 pages

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!