International Finance

by Dilip K. Das (Editor)

Overview

In this updated fourth edition, author Maurice Levi successfully integrates both the micro and macro aspects of international finance. He sucessfully explores managerial issues and focuses on problems arising from financial trading relations between nations, whilst covering key topics such as:

* organization of foreign exchange markets
* determination of exchange rates
* the fundamental principles of international finance
* foreign exchange risk and exposure
* fixed and flexible exchange rates.

This impressive new edition builds and improves upon the popular style and structure of the original. With new data, improved pedagogy, and coverage of all of the main developments in international finance over the last few years, this book will prove essential reading for students of economics and business.

Product Details

ISBN-13:	9780415092807
Publisher:	Routledge
Publication date:	06/28/1993
Pages:	656
Product dimensions:	4.84(w) x 7.32(h) x (d)
Age Range:	18 Years

Table of Contents

Part I: International Finance and Multilateral Financial Institutions 1. Contemporary Trends in the International Capital Markets 2. Quanitifying International Capital Mobility in the 1980s 3. Unstable Current Account Behaviour and Capital Flows in Developing Countries 4. The World Bank in the 1990s 5. The IMF's Adjustment Policies and Economic Development 6. Financing in Eastern Europe and the Former Soviet Union Part II: The European Monetary System 1. The European Monetary System and its Future Prospects 2. European Monetary Reforms: Progress and Prospects 3. Monetary Policy in an Emerging European Economic and Monetary Policy: Key Issues 4. A European Central Banking System: Some Analytical and Operational Considerations. 5. The Economics of EMU 6. One Currency for Europe: From Theory to Practice Part III: World Equity Markets 1. Towards the Theory of World Stock Markets: An Overview 2. Market Efficiency and Equity Pricing: International Evidence and Implications for Global Investing 3. The Microstructure of Asian Equity Markets Part IV: Foreign Exchange Markets 1. International Financial Integration: Relations Between Interest Rates and Exchange Rates 2. Foreign Exchange Rate Expectations: Micro Survey Data 3. Detecting Structural Changes in the Spot and Forward Foreign Exchange Markets: January 1974 through September 1986 4. The Purchasing Power Parity Criterion for Stabilizing Exchange Rates 5. Was there A Traget Zone? 6. Why Floating Exchange Rates Fail: A Reconsideration fo the Liquidity Trap 7. The Debt Denomination Division Part V: International Debt Issues 1. Country Risk and the Structure of International FinancialIntermediation 2. Organizing Debt Relief: The Need for a New Institution 3. An International Debt Facility? 4. Beyond the Debt Crisis: Alternative Forms of Financing Growth 5. The United States in Debt 6. United States Borrowing from Japan Part VI: International Currency Markets 1. The International Use of Currencies 2. The Deutsche Mark as an International Currency 3. The Internationalisation of the Yen 4. Internationalisation of the Korean Capital Market