Description
This text covers the full range of topics in international money and finance, giving solid attention to 3 key areas - international finance, open-economy macroeconomics, and international money and banking. It consistently connects theory to real-world policy and business applications (and strikes a balance between business relevance and policy relevance), demonstrating to readers the contemporary applications that can be explored, and that international monetary and financial economics is a dynamic and interesting subject area that has become of great importance for international affairs and business.
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Intended for a full course on international money and finance, this textbook discusses: international payments and exchange; international finance instruments, markets, and institutions; exchange rates and balance-of-payments determination; open economy macroeconomics and policy analysis; and, multinational policymaking and the international financial architecture. The treatment of the subject is, perhaps necessarily, one-sided: opposition to globalization is mentioned in the first two pages of text, and then forgotten. Daniels teaches at Marquette University. VanHoose teaches at Baylor University. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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