国际金融 英文版 第2版PDF电子书下载

Chapter 1 Balance of Payments 1

1.1 International transactions： the balance of payments 2

1.2 Balance of payments surplus and deficit 8

1.3 Economic forces and the balance of payments 12

Chapter 2 Theories of Balance of Payments 21

2.1 The elasticity approach to the balance of payments 22

2.2 The absorption approach to the balance of payments 26

2.3 The monetary approach to the balance of payments 27

Chapter 3 Macroeconomic Policy in an Open Economy 33

3.1 The problem of internal and external balance 35

3.2 The Mundell-Fleming model 37

3.3 Conclusions 51

Chapter 4 Fixed， Floating and Managed Exchange Rates 55

4.1 Definitions and types of the exchange rate 57

4.2 The case for fixed exchange rates 59

4.3 The case for floating exchange rates 62

4.4 Managed floating 64

4.5 Conclusions 70

Chapter 5 Models of Exchange-rate Determination 75

5.1 Purchasing power parity 77

5.2 Covered interest parity 85

5.3 Market efficiency， uncovered interest parity and real interest parity 93

5.4 Foreign exchange risk management 103

Chapter 6 The Foreign Exchange Market 125

6.1 The basics of the foreign exchange market 126

6.2 Mechanics of the foreign exchange market 132

Chapter 7 Currency Futures， Options and Swaps 149

7.1 Introduction 150

7.2 Currency futures 151

7.3 Currency options 154

7.4 Currency and interest swaps 157

Chapter 8 International Lending and Financial Crises 169

8.1 International lending to developing countries 171

8.2 Financial crises： what can and does go wrong 180

8.3 Resolving financial crises 183

8.4 The frequency of financial crises 187

Chapter 9 The International Monetary System 191

9.1 History of the international monetary system 193

9.2 Contemporary currency regimes 201

9.3 Emerging markets and regime choices 205

9.4 The birth of a European currency： the euro 209

9.5 Exchange rate regimes： what lies ahead？ 214

Chapter 10 International Banking and the Eurocurrency Market 221

10.1 The Eurocurrency market 223

10.2 International funds transfer and credit expansion through the Eurocurrency system 230

10.3 The Eurocurrency market and balance of payments disequilibrium 235

10.4 International banking： structure and instruments 239

Chapter 11 Foreign Direct Investment and International Capital Budgeting 249

11.1 Background 250

11.2 Approaches to international business 253

11.3 Theories of FDI 255

11.4 More about taxation 260

11.5 Foreign direct investment and country risk 263

11.6 Transfer pricing 266

Key to Exercises 271

Test One 293

Key to Test One 300

Test Two 302

Key to Test Two 308

References 310