With the third edition of International Money and Finance, Hallwood and MacDonald continue to provide an invaluable resource for advanced undergraduates and graduates studying monetary economics in an international context. Reflecting monetary, neoclassical, and neoKeynesian research agendas, the book investigates all four dimensions of international money and finance - theory, evidence, policy, and institutions.In addition to offering new and revised sections to reflect the latest theoretical and empirical research, the third edition includes new chapters on: - real shocks and exchange regime volatility.- currency crises and speculative attack.- exchange rate target zones and 'dirty floating'- exchange rates and transition economies.

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-finance Features 100% revised chapters, new pedagogical content, and online supplementary materials

International Money and Finance, Third Edition, is an invaluable resource for advanced undergraduates and postgraduates studying International Economy and Finance.

A more concise and accessible text that covers the key concepts students need to learn in a course on international money and finance which combines treatment of both international financial economics and open economy macroeconomics. In presenting the material, this text concentrates on diagrammatic and conceptual explanations and consequently uses algebra sparingly. To pique student interest, this text addresses many current issues appearing in leading business-oriented publications such as The Economist, The Wall Street Journal, and Financial Times, and incorporates an emphasis on real-world business and policy issues.

This textbook focuses on key international monetary and financial phenomena, exploring the determinants of exchange rates, international competitiveness, interest rates, saving, investment, international capital flows, commodity prices, the terms of trade, financial crises, foreign investment and economic growth. The text enhances understanding of international money and finance by providing background on globalisation and characteristics of the world economy, as well as detailed explanation of important international monetary variables. It then systematically develops a suite of compatible theoretical frameworks to analyse perennially important international monetary questions. A major feature of the text is its emphasis on real world policy relevance, covering topics such as inflation targeting, the operation and effectiveness of fiscal and monetary policy, public debt sustainability, exchange rate regime choice, commodity price gyrations, the causes and consequences of financial crises, and the gains from foreign investment.

The third edition of this internationally renowned and respected text is an ideal introduction to the subject of international finance. Theory is clearly explained and constantly related to the the realities of the modern world economy. The reader is taken through the theories and differing policies of the balance of payments, exchange rates and the international monetary system. Extensive use is made of figures, tables and graphs to illustrate the arguments in the text. It is thoroughly updated and includes a new chapter on the Asian financial crisis. Companion Website: http://www.palgrave.com/business/pilbeam_int/home.htm

This book focuses on the functioning of the evolving International Monetary System and on recent developments and trends in the financial markets that have become increasingly globalized. It identifies the forces that are shaping international monetary arrangements and driving financial markets in an increasingly liberalized environment. The book pays particular attention to the implications for developing countries and how they are affected by the 'internationalization' of the world economy and the emerging trends in developmental assistance. It is written in an easy flowing style with little use of diagrams and mathematics.