International Finance

A concise and comprehensive examination of international finance, written with up-to-date examples and an engaging yet rigorous approach.

Menzie D. Chinn (Author), Douglas A. Irwin (Author)

9781009407823, Cambridge University Press

Hardback, published 16 January 2025

234 pages
26.3 x 20.7 x 1.4 cm, 0.8 kg

'Definitive but also accessible. Economic theory is brought alive with a combination of practical applications, historical examples, and real-world applications. Students are sure to be engaged.' Barry Eichengreen, University of California, Berkeley

Understanding the globalized world economy is more important than ever before. This book provides a clear, concise, and up-to-date look at the economic foundations of international finance. The authors explain the principal concepts in an engaging and accessible manner open to students from any discipline, incorporating contemporary finance data through full-colour diagrams and graphs. Throughout, economic models are discussed in the context of recent and current international finance issues, to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 140 end-of-chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as JPEGs.

Preface
1. Introducing the global economy
2. Measuring the economy and its interaction with the world
3. Exchange rates, interest rates, and the foreign exchange market
4. Spending and income in the short run
5. Income and interest rates under fixed exchange rates
6. Floating exchange rates and the international trilemma
7. Income, money and the price level in an open economy
8. The determinants of the exchange rate
9. Emerging market crises
10. The global financial crisis
11. The Eurozone crisis
References
Index.

Subject Areas: International economics [KCL]