Its high-level perspective on the global economy differentiates this introduction to international finance from other textbooks. Melvin and Norrbin provide essential information for those who seek employment in multinational industries, while competitors focus on standard economic tools and financial management skills. Readers learn how to reach their own conclusions about trends and new developments, not simply function within an organization. The 8th edition, newly updated and expanded, offers concise descriptions, current case studies, and new pedagogical materials to help readers make sense of global finance.
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Table of Contents
I. The International Monetary Environment
1. The Foreign Exchange Market
2. International Monetary Arrangements
3. The Balance of Payments
II. International Parity Conditions
4. Forward-looking Instruments
5. Eurocurrency Markets
6. Interest Rates and Exchange Rates: Covered Interest Rate Parity
7. Prices and Exchange Rates: PPP
III. Risk and International Capital Flows
8. Foreign Exchange Risk and Forecasting
9. Financial Management of the Multinational Firm
10. International Portfolio Investment
11. Direct Foreign Investment and International Lending
IV. Modeling the Exchange Rate and Balance of Payments
12. Elasticity and Absorption models
13. The IS-LM-BP Approach
14. The Monetary Approach
15. Extensions and challenges to the Monetary Approach
