International Finance

Keith Pilbeam is Professor of International Economics and Finance at City, University of London, UK.

• IntroductionPart 1: Balance of Payments Theory and Practice1. The Foreign Exchange System2. The Balance of Payments3. Elasticity and Absorption Approaches to the Balance of Payments4. Macroeconomic Policy in an Open Economy5. The Monetary Approach to the Balance of PaymentsPart 2: Exchange Rate Determination: Theory, Evidence and Policy6. Purchasing Power Parity Theory and Floating Exchange Rate Experience7. Modern Models of Exchange Rate Determination8. The Portfolio Balance Model9. Empirical Evidence on Exchange Rates10. Fixed, Floating and Managed Exchange RatesPart 3: The Post-war International Monetary System11. The International Monetary System12. The Eurocurrency and Eurobond Markets13. Currency Derivatives: Futures, Options and Swaps14. International Macroeconomic Policy Coordination15. The Latin American Debt Crisis16. The European Monetary System and European Monetary Union17. Currency Crises and the East Asian Financial Crisis18. Financial Innovation and the Credit Crunch

A must-read, all-time classic textbook in International Finance, now updated with additional real-world examples and an abundance of case studies. It has been fascinating using the book as a student, researcher, and nowadays, as my primary textbook when teaching International Finance. Would highly recommend!