International Finance: A New Edition (Third Edition) (Recommended Teaching Material by the Ministry of Education)

Author: Jiang Bok
Publisher:
Publish Date: 2001-08-18
Features: This book is one of the "Fudan Scholar" series of premium teaching materials published by Fudan University Press. The entire book is divided into eight chapters. The first chapter discusses the account reflection of foreign economic activities under an open economy. The second chapter explores foreign account imbalances under an open economy, the resulting conflict between internal and external equilibrium, and the theoretical methods to resolve such conflicts. Chapters three and four elaborate on the core variables maintaining internal and external equilibrium under an open economy—exchange rates. Chapters five and six cover short-term financial capital flows in the international financial market, the exchange rates and currency crises triggered by these flows, as well as crisis resolution and prevention. The last two chapters discuss the international practice of internal and external equilibrium. Compared to the second edition, the third edition includes: (1) issues related to internal and external equilibrium; (2) short-term financial capital flows and currency crises; (3) monetary unions and European monetary integration. Additionally, the classification of international accounts has been updated to the standards of the International Monetary Fund. This book is suitable for faculty and students of finance and economics majors in various universities and colleges, as well as financial theorists.