International Finance / Edition 3

International Finance / Edition 3

by Keith Pilbeam
     
 

ISBN-10: 1403948372

ISBN-13: 9781403948373

Pub. Date: 03/03/2006

Publisher: Palgrave Macmillan

International Finance is a well-established and internationally renowned introduction to the subject for both undergraduate and postgraduate students. It provides comprehensive coverage of both traditional and modern theories relating to the balance of payments, exchange rate determination and the international monetary system. There is extensive use of data and…  See more details below

Overview

International Finance is a well-established and internationally renowned introduction to the subject for both undergraduate and postgraduate students. It provides comprehensive coverage of both traditional and modern theories relating to the balance of payments, exchange rate determination and the international monetary system. There is extensive use of data and empirical evidence to illustrate the relevance of theories and concepts discussed.

The third edition has been fully updated to include key theoretical and real-world developments and details the Eurocurrency and Eurobond markets and derivative instruments such as futures, options and swaps. Major international economic issues, such as international policy coordination, the record United States current account deficits and Economic and Monetary Union in the European Union are given full coverage. A new chapter on currency and financial crises provides the basis for a study of the 2001 economic collapse in Argentina and the South East Asian crises of the late 1990s.

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Product Details

ISBN-13:
9781403948373
Publisher:
Palgrave Macmillan
Publication date:
03/03/2006
Edition description:
REV
Pages:
512
Product dimensions:
7.52(w) x 9.83(h) x 1.02(d)

Related Subjects

Table of Contents

Pt. 1The balance of payments and macroeconomic policy in an open economy
1The foreign exchange market3
2The balance of payments27
3Elasticity and absorption approaches to the balance of payments52
4Macroeconomic policy in an open economy69
5The monetary approach to the balance of payments98
Pt. 2Exchange rate determination : theory, evidence and policy
6Purchasing power parity and floating exchange rate experience125
7Modern models of exchange rate determination147
8The portfolio balance model178
9Empirical evidence on exchange rates202
10Fixed, floating and managed exchange rates235
Pt. 3The postwar international monetary system
11The international monetary system261
12The eurocurrency and eurobond markets304
13Currency derivatives : futures, options and swaps323
14International macroeconomic policy coordination358
15The international debt crisis377
16Economic and Monetary Union in Europe409
17Currency crises and the East Asian financial crisis450

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