International Money and Finance

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.

Introduces international finance to readers with diverse backgrounds who want jobs in international investment, international banking, and multinational corporations Describes a nuanced view of international finance by drawing on material from the fields of theoretical finance and international macro-financeFeatures 100% revised chapters, new pedagogical content, and online supplementary materials

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