International Money and Finance

I . The International Monetary Environment

1. The Foreign Exchange Market 2. International Monetary Arrangements 3. The Balance of Payments

II. International Parity Conditions

4. Forward-looking Instruments 5. Eurocurrency Markets 6. Interest Rates and Exchange Rates: Covered Interest Rate Parity 7. Prices and Exchange Rates: PPP

III. Risk and International Capital Flows

8. Foreign Exchange Risk and Forecasting 9. Financial Management of the Multinational Firm 10. International Portfolio Investment 11. Direct Foreign Investment and International Lending

IV. Modeling the Exchange Rate and Balance of Payments

12. Elasticity and Absorption models 13. The IS-LM-BP Approach 14. The Monetary Approach 15. Extensions and challenges to the Monetary Approach

Michael Melvin is with the Rady School of Management at UCSD where he coordinates and teaches in the Master of Finance program. Prior roles include Managing Director and Head of Currency and Fixed Income Research at BlackRock, Adjunct Professor at the Haas School of Business at UC Berkeley, Co-editor of the Journal of International Money & Finance, and Professor of Economics at Arizona State University.

"International Money and Finance is an excellent resource for both international and multinational finance courses. The combined coverage of both topics - the environment of international financial institutions and instruments, and financial management tools for multinational corporations - makes it easier for students to grasp the impact of both on businesses that increasingly operate in a global environment."--Anne M. Alexander, University of Wyoming "This latest edition of the best-selling book discusses a number of important and somewhat complex concepts in international money and finance in a succinct, lucid yet analytical manner."--Ramkishen S. Rajan, George Mason University and National University of Singapore "The authors do an exceptional job of including this extensive range of topics in international money and finance, which provides high-level perspective on the global economy. I expect it will be a standard textbook for instruction and reference over the years."--Suleyman Degirmen, Mersin University "A concise, well-written, rigorous but at the same time easily accessible exposition of international finance." --Firat Demir, University of Oklahoma "This textbook is an excellent source for graduate and advanced undergraduate students around the world. The authors have carefully prepared each chapter with updated information on various financial issues, including risk management and banking". --Viviana Fernandez, Universidad Adolfo Ibanez