International Finance: A Concise Text (Second Edition) (Second Edition)

Author: Jiang Bok
Publisher:
Publish Date: 2005-04-01
Features: Based on the new developments in international financial theory, the frequent occurrence of currency crises, and the new experiences in international financial practice, this book has relatively increased the following content in comparison to the previous edition: content related to national income in open economies; comparative analysis of exchange rate regimes and government intervention in foreign exchange markets; content on international policy coordination; content on international capital flows, debt crises, and currency crises. Additionally, the content related to balance of payments accounts has been updated according to the fifth edition of the IMF's Manual on the Balance of Payments. The sections on optimal currency areas have been updated based on the new developments in the theory of optimal currency areas and the progress of European monetary integration.
The features of this book are inherited from the previous edition: "concise," which simplifies theoretical derivations to make the content easy to understand without losing completeness; "comprehensive," which introduces the basic content and theories of international finance in a comprehensive manner while maintaining conciseness; and "innovative," which not only broadens knowledge by adding appendices to the structure but also ensures the updating of content, data, and theories. The major feature of this edition is the clear definition of the research object of international finance, which serves as the main line to organize the book's structure and logical relationships.