International Finance - New Edition (3rd Edition)

Author: Jiang Boke
Publisher:
Publish Date: 2006-06-01
Features: This book is suitable for faculty and students of finance, economics, and related majors in various colleges and universities, as well as finance theorists. It is part of the "Finance Series" in Fudan University Press's premium textbook series "Fudan Scholar." The book is divided into eight chapters: Chapter 1 discusses the accounting reflection of foreign activities in an open economy, Chapter 2 examines foreign account imbalances in an open economy, the resulting conflict between internal and external equilibrium, and the theoretical methods to resolve such conflicts. Chapters 3 and 4 elaborate on the core variables—exchange rates—that sustain internal and external equilibrium in an open economy. Chapters 5 and 6 cover short-term capital flows in the international financial market, the exchange rates and currency crises triggered by them, as well as crisis resolution and prevention. The final two chapters explore 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 capital flows and currency crises; (3) monetary unions and European monetary integration. Additionally, the classification of international accounts has been updated to align with the standards of the International Monetary Fund.