| Description |
1 online resource (1 volume) : illustrations |
| Contents |
Front Cover; International Money and Finance; Copyright Page; Contents; Preface; Acknowledgments; To the Student; Why Study International Finance?; Finance and the Multinational Firm; The Actors; Plan of Attack; I. The International Monetary Environment; 1 The Foreign Exchange Market; Foreign Exchange Trading Volume; Geographic Foreign Exchange Rate Activity; Spot Exchange Rates; Currency Arbitrage; Short-Term Foreign Exchange Rate Movements; Long-Term Foreign Exchange Movements; Summary; Exercises; Further Reading; Appendix A. Trade-Weighted Exchange Rate Indexes |
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Appendix B. The Top Foreign Exchange Dealers2 International Monetary Arrangements; The Gold Standard: 1880-1914; The Interwar Period: 1918-1939; The Bretton Woods Agreement: 1944-1973; Central Bank Intervention During Bretton Woods; The Breakdown of the Bretton Woods System; The Transition Years: 1971-1973; International Reserve Currencies; Post Bretton Woods: 1973 to the Present; The Choice of an Exchange Rate System; Currency Boards and "Dollarization"; Optimum Currency Areas; The European Monetary System and the Euro; Summary; Exercises; Further Reading |
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Appendix A. Current Exchange Rate Arrangements3 The Balance of Payments; Current Account; Financing the Current Account; Additional Summary Measures; Transactions Classifications; Current Account Disequilibria; Balance of Payments Equilibrium and Adjustment; The US Foreign Debt; How Serious Is the US Foreign Debt?; Summary; Exercises; Further Reading; II. International Parity Conditions; 4 Forward-Looking Market Instruments; Forward Rates; Swaps; Futures; Options; Other Forward-Looking Instruments; Summary; Exercises; Further Reading; 5 Eurocurrency Markets and the LIBOR |
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Reasons for Offshore BankingInterest Rate Spreads and Risk; International Banking Facilities; Offshore Banking Practices; LIBOR; The BBA LIBOR; LIBOR Rigging; The ICE LIBOR; Summary; Exercises; Further Reading; 6 Exchange Rates, Interest Rates, and Interest Parity; Interest Rate Parity; Effective Return on a Foreign Investment; Deviations From Covered Interest Rate Parity; Interest Rates and Inflation; Exchange Rates, Interest Rates, and Inflation; Expected Exchange Rates and the Term Structure of Interest Rates; Summary; Exercises; Further Reading |
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Appendix A. What Are Logarithms, and Why Are They Used in Financial Research?7 Prices, Exchange Rates, and Purchasing Power Parity; Absolute Purchasing Power Parity; The Big Mac Index; Relative Purchasing Power Parity; Time, Inflation, and PPP; Deviations From PPP; Overvalued and Undervalued Currencies; Real Exchange Rates; Summary; Exercises; Further Reading; Appendix A. The Effect on PPP by Relative Price Changes; III. Risk and International Capital Flows; 8 Foreign Exchange Risk and Forecasting; Types of Foreign Exchange Risk; The Foreign Exchange Risk Premium; Market Efficiency |
| Summary |
This book presents an institutional and historical overview of international finance and international money, illustrating how key economic concepts can illuminate real world problems |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Description based on online resource; title from title page (Safari, viewed May 9, 2017) |
| Subject |
International finance.
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International finance
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| Form |
Electronic book
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| Author |
Norrbin, Stefan C., author.
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| ISBN |
9780128041079 |
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0128041072 |
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