Melvin's International Money and Finance offers a concise survey of international finance. The basics of the foreign exchange market and the balance of payments are presented, along with accessible discussions of the most recent research findings related to exchange rate determination. Topics range from the nitty-gritty of financing international trade to intuitive discussions of overshooting exchange rates and currency substitution *Coverage of the role of investment income flow mismeasurement and its contribution to the global current account statistical discrepancy. *Discussions of the Euro Dollar with new extended discussion of currency boards. *Questions relating to foreign exchange swaps and currency swaps help students understand these important topics. *The Euro currency deposit creation example now uses actual firm names. *The Sixth Edition includes thorough coverage of the Asian financial crisis.
Melvin's International Money and Finance offers a concise survey of international finance. The basics of the foreign exchange market and the balance of payments are presented, along with accessible discussions of the most recent research findings related to exchange rate determination. Topics range from the nitty-gritty of financing international trade to intuitive discussions of overshooting exchange rates and currency substitution *Coverage of the role of investment income flow mismeasurement and its contribution to the global current account statistical discrepancy. *Discussions of the Euro Dollar with new extended discussion of currency boards. *Questions relating to foreign exchange swaps and currency swaps help students understand these important topics. *The Euro currency deposit creation example now uses actual firm names. *The Sixth Edition includes thorough coverage of the Asian financial crisis.