International Finance (Second Edition) (Comprehensive Edition)

Author: Chen Yulu
Publisher:
Publish Date: 2006-01-01
Features: International Finance (Second Edition) is a major reform and innovation in the current curriculum and teaching system, developed by the International Finance Teaching Team of Renmin University of China. Based on the two major platforms of Professor Huang Da's "Finance" and Professor Mundell's "International Economics," the book underwent over three years of teaching practice and rigorous deliberation. It systematically introduces the fundamental knowledge and content framework of international finance, focusing on stimulating readers' interest in learning. Adhering to an "applied economics perspective," a "Chinese perspective," and an internationalization orientation, it is the first comprehensive and logically rigorous international finance textbook in China that integrates micro and macro perspectives. The book is divided into an introduction and three main parts. The introduction helps readers understand the current trends in international finance research and practice and establishes the basic content framework of the book.
Part 1, "International Financial Markets," begins with the basics of foreign exchange and exchange rates, covering the global foreign exchange market, derivative markets, offshore markets, as well as the international asset portfolio investments and banking activities active in these markets.
Part 2, "Financial Management of Multinational Corporations," systematically discusses the foreign exchange risk management, international direct investment, and short-term and long-term asset and liability management of multinational corporations. Multinational corporations are key participants in international financial markets and serve as a crucial link between micro financial activities and macro policy choices.
Part 3, "Theories and Policies of Internal and External Balance," centers on macroeconomics of open economies, starting with balance of payments and balance of payments statements, covering macroeconomic equilibrium in open economies, macro policy tools and their effects, exchange rate system choices, international capital flows, and financial crises. The book concludes with the prevention and management of financial crises.