International Finance (Second Edition)

Author: Liu Shunian
Publisher:
Publish Date: 2004-07-01
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 and systematically introduces the basic knowledge of international finance, aiming to enable readers to master the fundamental theories, knowledge, and skills in areas such as balance of payments, foreign exchange practices, international borrowing, and the international monetary system, and to apply them in practice. It also helps readers grasp 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 continuous volatility in foreign exchange markets, maintaining a fixed exchange rate on a global scale has become increasingly difficult. However, within individual regional economic communities, fixed exchange rate systems are still being implemented to strengthen political and economic ties among member states and gradually transition toward monetary-fiscal integration, as was the case with the then Western European Economic Community.