Book description
International Money and Finance, Ninth Edition presents an institutional and historical overview of international finance and international money, illustrating how key economic concepts can illuminate real world problems.
With three substantially revised chapters, and all chapters updated, it functions as a finance book that includes an international macroeconomics perspective in its final section. It emphasizes the newest trends in research, neatly defining the intersection of macro and finance.
Successfully used worldwide in both finance and economics departments at both undergraduate and graduate levels, the book features current data, revised test banks, and sharp insights about the practical implications of decision-making.
- Includes current events, such as the LIBOR and Greek crises
- increases emphasis on countries other than the US
- Minimizes prerequisites to encourage use by students from varied backgrounds
Table of contents
- Cover image
- Title page
- Table of Contents
- Copyright
- Preface
- Acknowledgments
- To the Student
-
Part I: The International Monetary Environment
-
Chapter 1. The Foreign Exchange Market
- Abstract
- Foreign Exchange Trading Volume
- Geographic Foreign Exchange Rate Activity
- Spot Exchange Rates
- Currency Arbitrage
- Short-Term Foreign Exchange Rate Movements
- Long-Term Foreign Exchange Movements
- Summary
- Exercises
- Further Reading
- Appendix A Trade-Weighted Exchange Rate Indexes
- Appendix B The Top Foreign Exchange Dealers
-
Chapter 2. International Monetary Arrangements
- Abstract
- The Gold Standard: 1880–1914
- The Interwar Period: 1918–1939
- The Bretton Woods Agreement: 1944–1973
- Central Bank Intervention During Bretton Woods
- The Breakdown of the Bretton Woods System
- The Transition Years: 1971–1973
- International Reserve Currencies
- Post Bretton Woods: 1973 to the Present
- The Choice of an Exchange Rate System
- Currency Boards and “Dollarization”
- Optimum Currency Areas
- The European Monetary System and the Euro
- Summary
- Exercises
- Further Reading
- Appendix A Current Exchange Rate Arrangements
- Chapter 3. The Balance of Payments
-
Chapter 1. The Foreign Exchange Market
-
Part II: International Parity Conditions
- Chapter 4. Forward-Looking Market Instruments
- Chapter 5. Eurocurrency Markets and the LIBOR
-
Chapter 6. Exchange Rates, Interest Rates, and Interest Parity
- Abstract
- Interest Rate Parity
- Effective Return on a Foreign Investment
- Deviations From Covered Interest Rate Parity
- Interest Rates and Inflation
- Exchange Rates, Interest Rates, and Inflation
- Expected Exchange Rates and the Term Structure of Interest Rates
- Summary
- Exercises
- Further Reading
- Appendix A What are Logarithms, and Why are They Used in Financial Research?
- Chapter 7. Prices, Exchange Rates, and Purchasing Power Parity
- Part III: Risk and International Capital Flows
-
Part IV: Modeling the Exchange Rate and Balance of Payments
- Chapter 12. Determinants of the Balance of Trade
-
Chapter 13. The IS-LM-BP Approach
- Abstract
- The Internal and External Macroeconomic Equilibrium
- The IS Curve
- The LM Curve
- The BP Curve
- Equilibrium
- Monetary Policy Under Fixed Exchange Rates
- Fiscal Policy Under Fixed Exchange Rates
- Monetary Policy Under Floating Exchange Rates
- Fiscal Policy Under Floating Exchange Rates
- Using the IS-LM-BP Approach: The Asian Financial Crisis
- International Policy Coordination
- Summary
- Exercises
- Further Reading
- Appendix A The Open Economy Multiplier
- Chapter 14. The Monetary Approach
- Chapter 15. Extensions and Challenges to the Monetary Approach
- Glossary
- Index
Product information
- Title: International Money and Finance, 9th Edition
- Author(s):
- Release date: March 2017
- Publisher(s): Academic Press
- ISBN: 9780128041079
You might also like
book
Corporate Finance, 4th Edition
Merging theory and practice into a comprehensive, highly-anticipated text Corporate Finance continues its legacy as one …
book
International Financial Statement Analysis, 3rd Edition
Better analysis for more accurate international financial valuation International Financial Statement Analysis provides the most up-to-date …
book
Handbook of Finance: Financial Markets and Instruments
Volume I: Financial Markets and Instruments skillfully covers the general characteristics of different asset classes, derivative …
book
Corporate Finance, 5th Edition
The essential corporate finance text, updated with new data Corporate Finance has long been a favourite …