国际金融(双语)/创优经管核心课程系列

本书从宏观角度介绍国 际金融的产生、发展以及 研究的主要内容。首先阐 述国际金融产生的直接原 因和国际收支的内容、含 义以及与宏观经济的联系 。其次研究外汇市场，包 括汇率、外汇市场实务、 外汇风险及对冲策略、各 国的汇率制度安排、关于 汇率决定的重要理论。之 后讨论用于管理外汇风险 的外汇衍生产品以及涉及 国际交易的国际金融市场 。此外，还将介绍关于国 际收支调整的一些重要理 论。最后，简要分析了开 放经济前提下的宏观经济 理论以及不同汇率制度下 的经济政策。 本书内容简明、实用， 可作为专业基础课教材， 适合高校经济和金融类专 业师生使用。

Chapter 1 NTRODUCT[ON T0 INTERNAT0NAL FINANCE The Subiect Matter of InternationaI Finance The Environment of Internationa Finance The Theory of Comparative Advantage The Benefits of Studying InternationaI Finance The Structure ofThis Book Summary Key Concepts and Terms Questions Chapter 2 THE BALANCE OF PAYMENTS Definition of the Baance of Payments Baance of PavmentS Accounting Accounts of the Baance of Payments Surpuses and Deficits In the Baance of Payrments Accounts Internationanvestment Position The Current Account and the Macroeconomics The Economic Reationship between Current Account and FinanciaI Account Summary Key Concepts and Tems Questions Chapter 3 THE FOREIGN EXCHANGE MARKET The Basics of Foreign Exchange Market Spot Exchange Market，Exchange Rate Quotations，and Foreign ExchangeArbitrage The Forward Foreign Exchange Market Foreign Exchange Risk and Hedging Strategies Other Types of Exchange Rates Summarv Key Concepts and Terms Questions Chapte 4 INTERNAT0NAL MONETARY SYSTEM Definition of the InternationaI Monetary System The God Standard(1 876—1 944) Bretton Woods System(1 944--1 973) Foating Exchange Rate System f1 973--Now) Exchange Rate Systems in Practice Auments for Fixed and Foating Exchange Rates Summarv KeY Concepts and Terms Questions Chapte 5 EXCHANGE RATE DETERMINATION AND FORECASTING EXCHANGE RATES Exchange Rates Determination in the Short Run Purchasing Power Parity(PPP) Interest Rate Parity(IRP) Rea Interest Rates and Rea Interest Parity Exchange Rate Forecasting Summary Key Concepts and TermS Questions Chapte 6 FINANCIAL DERIVATIVES FOR CURRENCY RISK MANAGEMEN