International Money and Finance / Edition 9

by Michael Melvin, Stefan C. Norrbin

Overview

International Money and Finance, Ninth Edition presents an institutional and historical overview of international finance and international money, illustrating how key economic concepts can illuminate real world problems.

With three substantially revised chapters, and all chapters updated, it functions as a finance book that includes an international macroeconomics perspective in its final section. It emphasizes the newest trends in research, neatly defining the intersection of macro and finance.

Successfully used worldwide in both finance and economics departments at both undergraduate and graduate levels, the book features current data, revised test banks, and sharp insights about the practical implications of decision-making.

Product Details

ISBN-13:	9780128041062
Publisher:	Elsevier Science
Publication date:	03/30/2017
Edition description:	New Edition
Pages:	344
Product dimensions:	5.94(w) x 9.00(h) x (d)

About the Author

Michael Melvin is with the Rady School of Management at UCSD where he coordinates and teaches in the Master of Finance program. Prior roles include Managing Director and Head of Currency and Fixed Income Research at BlackRock, Adjunct Professor at the Haas School of Business at UC Berkeley, Co-editor of the Journal of International Money & Finance, and Professor of Economics at Arizona State University.

Stefan Norrbin is a Professor of Economics. His research interests and fields of specialization are in International Finance and Trade, Applied Macroeconomics, and Applied Econometrics. After earning his Ph.D. from ASU in 1986, Dr. Norrbin joined the University of Alabama at Tuscaloosa as an Assistant Professor of Economics for three years. He left the UA to work with McKinsey & Co. in Stockholm, Sweden, as an Associate/Financial Institutions Specialist. His tasks were to research and advice on mergers and strategic positioning of banks and insurance firms. In 1990 Dr. Norrbin joined the Florida State University as a professor of economics.

Table of Contents

Part I: The International Monetary Environment1. The Foreign Exchange Market2. International Monetary Arrangements3. The Balance of Payments

Part II: International Parity Conditions4. Forward-Looking Market Instruments5. Eurocurrency Markets and the LIBOR6. Exchange Rates, Interest Rates, and Interest Parity7. Prices, Exchange Rates, and Purchasing Power Parity

Part III: Risk and International Capital Flows8. Foreign Exchange Risk and Forecasting9. Financial Management of the Multinational Firm10. International Investment11. International Lending and Crises

Part IV: Modeling the Exchange Rate and Balance of Payments12. Determinants of the Balance of Trade13. The IS-LM-BP Approach14. The Monetary Approach15. Extensions and Challenges to the Monetary Approach

What People are Saying About This

From the Publisher

Combines finance with macroeconomics to reveal the profound roots of recent crises and current trends in international financial management

Editorial Reviews

"International Money and Finance is an excellent resource for both international and multinational finance courses. The combined coverage of both topics – the environment of international financial institutions and instruments, and financial management tools for multinational corporations – makes it easier for students to grasp the impact of both on businesses that increasingly operate in a global environment." —Anne M. Alexander, University of Wyoming

"This latest edition of the best-selling book discusses a number of important and somewhat complex concepts in international money and finance in a succinct, lucid yet analytical manner." —Ramkishen S. Rajan, George Mason University and National University of Singapore

"The authors do an exceptional job of including this extensive range of topics in international money and finance, which provides high-level perspective on the global economy. I expect it will be a standard textbook for instruction and reference over the years." —Suleyman Degirmen, Mersin University

"A concise, well-written, rigorous but at the same time easily accessible exposition of international finance." —Firat Demir, University of Oklahoma

"This textbook is an excellent source for graduate and advanced undergraduate students around the world. The authors have carefully prepared each chapter with updated information on various financial issues, including risk management and banking". —Viviana Fernandez, Universidad Adolfo Ibañez

From the Publisher