This textbook presents all major topics in international monetary theory, foreign exchange markets, international financial management and investment analysis. It focuses on real-world problems in the sense that it provides guidance on how to solve policy issues as well as how to complete financial assignments across the globe. This in turn helps readers gain an understanding of the theory and refine the framework. This third edition of the book incorporates three new chapters, and most of the chapters from the second edition have been updated to integrate new material, data, and/or the recent developments in the areas. The book can be used in graduate and advanced undergraduate programs in international or global finance, international monetary economics, and international financial management. It is also a valuable reference book for researchers in these areas.

Identifies the factors and stakeholders in foreign exchange markets and international finance Offers an integrated and systematic exploration of theory and practice in a single volume Improves understanding of international monetary and financial management Includes exercises and Internet links to provide extra help

Autorentext

Peijie Wang is Professor of Finance at Plymouth Business School, University of Plymouth, and an affiliate professor at IÉSEG School of Management, the Catholic University of Lille and the Institute of World Economy, Fudan University. He has held faculty and visiting appointments at UMIST, Manchester Business School, the University of Manchester, IÉSEG, the Catholic University of Lille, Cass Business School, City University, the University of Hull, Harbin Institute of Technology and the University of Reading. Prof. Wang is the author of several books and a regular contributor to journals in the areas of international finance, real estate, finance and economics.

Inhalt

Foreign Exchange Markets and Foreign Exchange Rates.- Exchange Rate Regimes and International Monetary Systems.- International Parity Conditions.- Balance of Payments and International Investment Positions.- Open Economy Macroeconomics.- Balance of Payments Issues and Exchange Rate Movements.- The Mundell-Fleming Model.- The Monetary Models.- The Portfolio Balance Approach to Exchange Rate Determination.- The Dynamic IS-LM-X Model of Exchange Rate Movements.- Driver Currencies and Triangular Cross-Border Effects.- Global Derivatives Markets.- Currency Futures.- Currency Options.- Currency Swaps.- Transaction Exposure.- Economic Exposure and Accounting Exposure.- Country Risk and Sovereign Risk Analysis.- Foreign Direct Investment and International Portfolio Investment.-Dynamic Global Positioning Strategy.- Name Index.- Subject Index.