Academic Press, 2013. – 336 p. – 8th ed. – ISBN: 0123852471, 9780123852472
Its high-level perspective on the global economy differentiates this introduction to international finance from other textbooks. Melvin and Norrbin provide essential information for those who seek employment in multinational industries, while competitors focus on standard economic tools and financial management skills. Readers learn how to reach their own conclusions about trends and new developments, not simply function within an organization. The 8th edition, newly updated and expanded, offers concise descriptions, current case studies, and new pedagogical materials to help readers make sense of global finance.
Introduces international finance to readers with diverse backgrounds who want jobs in international investment, international banking, and multinational corporations
Describes a nuanced view of international finance by drawing on material from the fields of theoretical finance and international macro-finance
Features 100% revised chapters, new pedagogical content, and online supplementary materials
The International Monetary EnvironmentThe Foreign Exchange Market
International Monetary Arrangements
The Balance of Payments
International Parity ConditionsForward-looking Market Instruments
The Eurocurrency Market
Exchange Rates, Interest Rates, and Interest Parity
Prices and Exchange Rates: Purchasing Power Parity
Risk and International Capital FlowsForeign Exchange Risk and Forecasting
Financial Management of the Multinational Firm
International Portfolio Investment
Direct Foreign Investment and International Lending
Modeling the Exchange Rate and Balance of PaymentsDeterminants of the Balance of Trade
The IS-LM-BP Approach
The Monetary Approach
Extensions to the Monetary Approach of Exchange Rate Determination