International money and finance / by Michael Melvin and Stefan Norrbin.

Includes bibliographical references and index.

The international monetary environment -- The foreign exchange market -- International monetary arrangements -- The balance of payments -- International parity conditions -- Forward-looking instruments -- The eurocurrency market -- Exchange rates, interest rates, and interest parity -- Prices and exchange rates : purchasing power parity -- Risk and international capital flows -- Foreign exchange risk and forecasting -- Financial management of the multinational firm -- International portfolio investment -- Direct foreign investment and international lending -- Modeling the exchange rate and balance of payments -- Determinancts of the balance of trade -- Open economy macroeconomics : the IS-LM-BP approach -- Open economy macroeconomics : the monetary approach -- Extensions to the monetary approach of exchange rate determination.

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.