International Finance - (Third Edition)

Author: He Zhang / Country: Mainland China
Publisher:
Publish Date: 2006-05-01
Features: This book is divided into four parts. The first part covers the basics of international finance, introducing the fundamental content specified in the teaching syllabus for international finance by the Ministry of Education. The second part discusses theories of balance of payments and international capital flows. The third part focuses on exchange rate theories, providing a detailed introduction to the major achievements of Western economists in the study of international finance, such as the new developments in traditional purchasing power parity and interest rate parity theories, monetary analysis under sticky and flexible prices, the Dornbusch model that links Keynesianism and monetarism, as well as asset structure balance models and currency substitution models. Comparative analysis and critique are also conducted. The fourth part covers theories of policy choices in open economies. From various perspectives such as foreign exchange transactions, international bank loans, securities investment, futures and options, foreign exchange risk, and exchange rate forecasting, it comprehensively introduces the content of various fields in international finance, particularly providing detailed examples to illustrate some computational knowledge. Compared to similar textbooks in China, this book highlights the content of economic and financial theories and practices in its structure, with relatively substantial content, making it suitable for cultivating modern theoretical and practical talents.