International Financial Principles (Third Edition)

Author: He Zerong (Editor-in-Chief) / Zou Hongyuan (Deputy Editor-in-Chief)
Publisher:
Publish Date: 2004-11-01
Features: Economic globalization is the trend of contemporary world economic development. China joined the World Trade Organization in December 2001, and thus became a member of the three pillars of world economic development. This means that China's economy and finance are more closely linked with the world economy and finance. In this context, the third edition of "Principles of International Finance" was revised and published. To adapt to the new situation, we made significant changes to the second edition. This is mainly reflected in: In terms of form, the third edition is also divided into three parts, just like the second edition, but the third edition clearly labels the three parts; however, there has been a significant change in the perspective of discussing issues. The second edition followed the evolution of international currency as the main thread and the international movement of capital as the foundation, thus dividing the content of the book into three parts: "Issues Related to the International Monetary System," "Issues Related to Capital Flows," and "Issues Related to Balance of Payments." The entire book is based on the relationship between a country's economy and finance and the world economy and finance, and is divided into three parts: "International Finance Fundamentals," "Exchange Rates, Prices, Interest Rates, and Domestic Economy," and "Open Macroeconomic Policy."