本教材的內容由關鍵詞、正文、小結、問答題以及試卷范例構成,力圖脈絡清晰、結構完整地勾勒國際金融這一學科的發展軌跡和現狀,突出邏輯性、前沿性和國際性并舉的特點,其中既有基礎知識的詳盡介紹,又有金融理論的重點評述,還有相關法規的必要解讀。全書思維連貫一致、語言練達通暢、內容詳略有致、重點突出鮮明,不僅適用于高等院校經貿、金融、財務和商務英語等專業的學生,還可以供經貿金融界專業人士及相關從業人員學習使用。
Chapter 1 Balance of Payments
1.1 International transactions: the balance of payments
1.2 Balance of payments surplus and deficit
1.3 Economic forces and the balance of payments
Chapter 2 Theories of Balance of Payments
2.1 The elasticity approach to the balance of payments
2.2 The absorption approach to the balance of payments
2.3 The monetary approach to the balance of payments
Chapter 3 Macroeconomic Policy in an Open Economy
3.1 The problem of internal and external balance
3.2 The Mundell-Fleming model
3.3 Conclusions
Chapter 4 Fixed, Floating and Managed Exchange Rates
4.1 Definitions and types of the exchange rate
4.2 The case for fixed exchange rates
4.3 The case for floating exchange rates
4.4 Managed floating
4.5 Conclusions
Chapter 5 Models of Exchange-rate Determination
5.1 Purchasing power parity
5.2 Covered interest parity
5.3 Market efficiency, uncovered interest parity and real interest parity
5.4 Foreign exchange risk management
Chapter 6 The Foreign Exchange Market
6.1 The basics of the foreign exchange market
6.2 Mechanics of the foreign exchange market
Chapter 7 Currency Futures, Options and Swaps
7.1 Introduction
7.2 Currency futures
7.3 Currency options
7.4 Currency and interest swaps
Chapter 8 International Lending and Financial Crises
8.1 International lending to developing countries
8.2 Financial crises: what can and does go wrong
8.3 Resolving financial crises
8.4 The frequency of financial crises
Chapter 9 The International Monetary System
9.1 History of the international monetary system
9.2 Contemporary currency regimes
9.3 Emerging markets and regime choices
9.4 The birth of a European currency: the euro
9.5 Exchange rate regimes: what lies ahead?
Chapter 10 International Banking and the Eurocurrency Market
10.1 The Eurocurrency market
10.2 International funds transfer and credit expansion through the Eurocurrency system
10.3 The Eurocurrency market and balance of payments disequilibrium
10.4 International banking: structure and instruments
Chapter 11 Foreign Direct Investment and International Capital Budgeting
11.1 Background
11.2 Approaches to international business
11.3 Theories of FDI
11.4 More about taxation
11.5 Foreign direct investment and country risk
11.6 Transfer pricing
Chapter 12 Digital Currency and International Finance
12.1 Digital currency
12.2 Virtual currency
12.3 Cryptocurrency & Blockchain
12.4 Bitcoin
12.5 Libra
12.6 Digital Currency Electronic Payment
12.7 Federal Reserve’s view towards digital currency
12.8 Prospects of digital currency in international finance
Key to Exercises
Test One
Key to Test One
Test Two
Key to Test Two
References