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International Money and Finance

International Money and Finance
Author: Michael Melvin
Publisher: Academic Press
Total Pages: 336
Release: 2012-09-20
Genre: Business & Economics
ISBN: 0123852471

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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


When Banks Punch Back: Macrofinancial Feedback Loops in Stress Tests

When Banks Punch Back: Macrofinancial Feedback Loops in Stress Tests
Author: Mr.Mario Catalan
Publisher: International Monetary Fund
Total Pages: 65
Release: 2020-05-29
Genre: Business & Economics
ISBN: 1513534912

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In the presence of adverse macroeconomic shocks, simultaneous capital losses in multiple banks can prompt them to contract their balance sheets. These bank responses generate externalities that propagate in the form of macro-financial feedback loops. This paper develops a credit response and externalities analysis model (CREAM) that integrates a disaggregated banking sector into an otherwise standard macroeconomic structural vector autoregressive model. It shows that accounting for macro-financial feedback loops can significantly affect macroeconomic outcomes and bank-specific stress tests results. The heterogeneity in bank lending responses matters: it determines how each bank fares under adverse conditions and the external effects that banks impose on each other and on economic activity. The model can thus be used to assess the contributions of individual banks to systemic risk along the time dimension.


Essays in International Money and Finance

Essays in International Money and Finance
Author: James R Lothian
Publisher: World Scientific
Total Pages: 820
Release: 2017-06-29
Genre: Business & Economics
ISBN: 9813148314

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The aim of the book is to make the author's scholarly research in the areas of international finance and monetary economics easily accessible to other researchers and students. The articles included in the book span a wide range. The topics include the behavior of the three key relations in international finance, purchasing power parity, interest rate parity and real interest rate equality, the relation between money and other key economic variables, financial globalization and the transmission of economic disturbances internationally.


International Monetary and Financial Economics

International Monetary and Financial Economics
Author: Joseph P. Daniels
Publisher: South Western Educational Publishing
Total Pages: 584
Release: 1999
Genre: Business & Economics
ISBN:

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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.


International Money and Finance, Third Edition

International Money and Finance, Third Edition
Author: C. Paul Hallwood
Publisher: Wiley-Blackwell
Total Pages: 547
Release: 2000-09-11
Genre: Business & Economics
ISBN: 9780631204619

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


International Finance: A Survey

International Finance: A Survey
Author: H. Kent Baker
Publisher: Oxford University Press, USA
Total Pages: 704
Release: 2012-11-22
Genre: Business & Economics
ISBN: 0199311501

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Understanding the current state of affairs and tools available in the study of international finance is increasingly important as few areas in finance can be divorced completely from international issues. International Finance reflects the new diversity of interest in international finance by bringing together a set of chapters that summarizes and synthesizes developments to date in the many and varied areas that are now viewed as having international content. The book attempts to differentiate between what is known, what is believed, and what is still being debated about international finance. The survey nature of this book involves tradeoffs that inevitably had to be made in the process given the vast footprint that constitutes international finance. No single book can cover everything. This book, however, tries to maintain a balance between the micro and macro aspects of international finance. Although each chapter is self-contained, the chapters form a logical whole that follows a logical sequence. The book is organized into five broad categories of interest: (1) exchange rates and risk management, (2) international financial markets and institutions, (3) international investing, (4) international financial management, and (5) special topics. The chapters cover market integration, financial crisis, and the links between financial markets and development in some detail as they relate to these areas. In each instance, the contributors to this book discuss developments in the field to date and explain the importance of each area to finance as a field of study. Consequently, the strategic focus of the book is both broad and narrow, depending on the reader's needs. The entire book provides a broad picture of the current state of international finance, but a reader with more focused interests will find individual chapters illuminating on specific topics.


The Future of Money

The Future of Money
Author: Eswar S. Prasad
Publisher: Harvard University Press
Total Pages: 497
Release: 2021-09-28
Genre: Business & Economics
ISBN: 0674258444

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A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.