International Finance Second Edition

Author: Liu Shunian
Publisher:
Publish Date: 2001-07-01
Features: International finance is a discipline that studies the laws governing the movement of monetary capital between countries. This book is divided into three parts, systematically introducing the basic knowledge of international finance, aiming to enable readers to master the fundamental theories, knowledge, and skills of balance of payments, foreign exchange practices, international borrowing, and the international monetary system, and to learn how to apply them in practice. It also covers macroeconomic theories of international finance to explain and solve practical problems in the current field of international finance. The book has a clear structure and possesses certain theoretical depth, systematicity, and practicality. It can be used as a textbook for international trade and international finance majors and adult education.
In the face of severe dollar crises, increasingly deepening balance of payments crises, and constant volatility in foreign exchange markets, maintaining a fixed exchange rate at the global level has become increasingly difficult. However, within individual regional economic communities, fixed exchange rate systems are still being pursued to strengthen political and economic ties among member countries, gradually transitioning toward monetary-fiscal integration. A prominent example of this was the European Economic Community at that time.