International Finance is an established and internationally renowned introduction to the subject. It draws on recent events to provide comprehensive coverage of traditional theories and new research relating to the balance of payments, exchange rate determination and the international monetary system.
Offering an extensive overview of the empirical evidence on the theories and concepts discussed, this textbook provides grounding in the fundamental features of international finance, from basic economic concepts to the various international crises of the twentieth century and into the effects and response to the Eurozone crises and Covid-19 pandemic.
Author(s): Keith Pilbeam
Edition: 5
Publisher: Bloomsbury Academic
Year: 2023
Language: English
Pages: 569
Cover
Contents
List of tables
List of figures
Acknowledgements
Introduction
Part 1 Balance of payments theory and policy
1 The foreign exchange market
2 The balance of payments
3 Elasticity and absorption approaches to the balance of payments
4 Macroeconomic policy in an open economy
5 The monetary approach to the balance of payments
Part 2 Exchange rate determination: theory, evidence and policy
6 Purchasing power parity theory and floating exchange rate experience
7 Modern models of exchange rate determination
8 The portfolio balance model
9 Empirical evidence on exchange rates
10 Fixed, floating and managed exchange rates
Part 3 The post-war international monetary system
11 The international monetary system
12 The Eurocurrency and Eurobond markets
13 Currency derivatives: futures, options and swaps
14 International macroeconomic policy coordination
15 The Latin American debt crisis
16 The European monetary system and European monetary union
17 Currency crises and the East Asian financial crisis
18 The global financial crisis and the Covid-19 pandemic
Appendix
Further reading
Bibliography
Author index
Subject index
