International Finance

Author: Liu Shunian
Publisher:
Publish Date: 2004-09-01
Features: This textbook is designed based on the characteristics and requirements of vocational and technical college students, adhering to the principle of combining theory with practice. While highlighting the fundamental theories, knowledge, and skills of international finance, it places special emphasis on operability and practicality. For example: the techniques and methods of currency conversion (arbitrage); the principles and calculation methods for quotation in import and export business; the calculation of costs and expenses under various financing methods and the selection of loan terms; the principles and techniques for hedging exchange rate risks; the mechanisms and practical applications of various derivative financial instruments; and so on. The textbook also includes case studies and problem-solving exercises to encourage practical application and meet the training objectives of vocational and technical college students. This textbook is divided into four parts. Part (Chapters) primarily discusses foreign exchange and balance of payments, laying a theoretical and business knowledge foundation for subsequent chapters. The second part (Chapters 2 to 5) focuses on foreign exchange rates and exchange rate systems, foreign exchange operations and rate conversion, foreign exchange risk management, and China's foreign exchange management system. The third part (Chapters 6 to 9) covers the European money market and international commercial loans, derivative financial instruments markets, short-term credits for foreign trade, and export credits. The fourth part (Chapter 10) discusses the international monetary system and financial organizations. The law of human cognition follows a pattern from the perceptual to the rational, and then back from the rational to the perceptual in a cyclical and deepening process. This textbook follows the pattern of cognitive processes, beginning each chapter with a case study to introduce the key knowledge points, followed by detailed discussions. At the end, selected typical cases from foreign trade practice are provided, requiring students to analyze and operate them to enhance and improve their analytical and problem-solving skills. This writing method is a pioneering attempt in similar textbooks and is a major feature of this textbook.