International Finance (Second Edition)

Author: Shao Xueyan
Publisher:
Publish Date: 2004-06-23
Features: International Finance (Second Edition) is one of the "International Economy and Finance Series" published by the School of International Economics and Trade at Guangdong University of Foreign Studies. The book is divided into 11 chapters. Chapters and discuss the balance of payments accounts that reflect a country's foreign economic activities, the impact of these activities on internal and external equilibrium under open economy conditions, as well as macroeconomic adjustment theories and methods in cases of internal and external economic imbalances or coordination issues. Chapters and elaborate on the fundamental and core issues of international finance—foreign exchange and exchange rates—covering both theoretical content such as exchange rate determination, exchange rate regimes, and exchange rate fluctuation effects, as well as practical aspects like foreign exchange quotation methods and foreign exchange control measures. Chapters and introduce the structure and mechanisms of the foreign exchange market, various major foreign exchange trading methods, the foreign exchange risks faced by multinational corporations in their operations, and the theories and methods for hedging and mitigating these risks. Chapters and primarily discuss the structure and development of the international money market and the international capital market, the various types of financial products traded on these markets, and analyze financial crises triggered by the frequent flow of monetary capital across international financial markets, as well as the ways to resolve such crises. Chapter is dedicated to the financing system and methods for international trade, explaining the close ties and mutual between international finance and international trade. Chapters and cover the international financial environment, as well as the international arrangements and coordination of monetary and financial activities. Due to significant changes in the field of international finance in recent years, the second edition of this book has reorganized the original chapter content, adding a chapter on international capital flows and including topics such as monetary unions and European monetary integration. This edition particularly enriches the theoretical content of open economy analysis, such as balance of payments adjustment theories, exchange rate determination theories, and exchange rate regime selection theories, further enhancing the theoretical depth of the book. Additionally, it provides a more in-depth analysis of certain financial derivatives and their applications.