International Finance

Author: Chen Ping
Publisher:
Publish Date: 2004-04-01
Features: This textbook is divided into four parts: Part I is the Basics, which includes three chapters: International Payment Systems, Balance of Payments Accounts, and Foreign Exchange and Exchange Rates. The main content is to demonstrate the origin of international currency and international financial transactions, which serves as the foundation for the analysis throughout the book. Part II is the Markets, which includes four chapters: Foreign Exchange Markets, Theories of Exchange Rate Determination, International Financial Markets, and Financial Management of Multinational Corporations. The main content is to analyze the operational mechanisms and market environment of international financial markets, as well as how enterprises can use international financial markets for financing, investment, and risk management. Part III is Capital Flows, which includes four chapters: Theories of Balance of Payments, Adjustment of Balance of Payments, International Reserves, and International Capital Flows and International Financial Crises. The main content is to analyze the mechanisms of balance of payments equilibrium and the causes of imbalance, as well as the profound impact of balance of payments adjustment and related international capital flows on different types of economies. Part IV is Policies, which includes four chapters: Exchange Rate Policies, Macroeconomic Policies under Open Economy Conditions, International Monetary Systems, and International Financial Institutions. The main content is to demonstrate the internal and external macroeconomic equilibrium under open economy conditions and the coordination of macroeconomic policies between countries, with international monetary cooperation as the conclusion of the entire book.