International Finance

Author: Liu Xiuling / Country: Mainland China
Publisher:
Publish Date: 2006-07-01
Features: This book is divided into eleven chapters. Chapter 1 discusses foreign exchange, exchange rates, their determination, and the RMB exchange rate system. Chapter 2 introduces the balance of payments statement and its preparation methods, the causes and adjustment of balance of payments imbalances, and discusses the characteristics and current status of China's balance of payments. Chapter 3 elaborates on international reserves, their quantity, structure management, and introduces and analyzes China's international reserves. Chapter 4 discusses foreign exchange control, its methods, and China's foreign exchange management. Chapter 5 introduces the gold standard, the Bretton Woods system, and the Jamaica system, analyzing and discussing their formation, development, and evolution processes, as well as the reasons and issues involved. Chapter 6 explores the foreign exchange market, including spot, forward, options, swaps, futures, arbitrage, and other foreign exchange transactions. Chapter 7 introduces foreign exchange risk and its management methods, as well as exchange rate forecasting in foreign exchange risk prevention. Chapter 8 introduces the international financial market, focusing on the international money market and international capital market, with an in-depth discussion of the European money market. Chapter 9 introduces the main forms of international bank credit, the specific practices of international syndicate loans, and international bonds and their yield calculations. Chapter 10 introduces the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (IBRD, also known as the World Bank), and their affiliated institutions, as well as regional international financial organizations. Chapter 11 introduces exchange rate theories, balance of payments adjustment theories, theories of internal and external equilibrium conflicts and coordination, general equilibrium analysis of balance of payments, and theories of currency crises. This book is suitable for use by faculty and students of economics-related majors in higher education institutions.