International Finance, 4th Edition

International Finance is a well-established and internationally renowned introduction to the subject for both undergraduate and postgraduate students. It provides comprehensive coverage of both traditional and modern theories relating to the balance of payments, exchange rate determination and the international monetary system. There is extensive use of data and empirical evidence to illustrate the relevance of theories and concepts discussed.

The third edition has been fully updated to include key theoretical and real world developments and details the Eurocurrency and Eurobond markets and derivative instruments such as futures, options and swaps. Major international economic issues, such as international policy co-ordination, the record United States current account deficits and Economic and Monetary Union in the European Union are given full coverage. A new chapter on currency and financial crises provides the basis for a study of the 2001 economic collapse in Argentina and the South East Asian crises of the late 1990s.

Also available is a companion website with extra features to accompany the text, please take a look by clicking below - _int/home.htm

“'International Finance offers a comprehensive introduction to the subject covering theory, policy and empirical situations. But the author also manages to succeed in adding that extra bit of understanding without ever becoming too technical.' - Franc Klaassen, Associate Professor of International Economics, University of Amsterdam, The Netherlands ”

'International Finance offers a comprehensive introduction to the subject - covering theory, policy and empirical situations. But the author also manages to succeed in adding that extra bit of understanding without ever becoming too technical.' - Franc Klaassen, Associate Professor of International Economics, University of Amsterdam, The Netherlands

'Both students and practitioners working through this book will gain an excellent grounding in the fundamental features of International Finance. I highly recommend this book to any reader interested in expanding their knowledge of this field.' - Professor Dennis Vink, Nyenrode Business University, The Netherlands

'This book offers a lucid treatment of international finance, from basic economic relationships through to advanced econometric issues. Its well-designed modules enable students to scale the vast terrain of international finance from the 1960s to the unfolding eurozone crisis.' - Demosthenes Tambakis, Fellow and Director of Studies in Economics and Finance at Pembroke College, University of Cambridge, UK

'Keith Pilbeam's new edition of an already excellent textbook in international finance now includes chapters on the eurozone crisis as well as on the financial innovations that help us to understand the causes of the current financial crisis. This updated edition is highly recommended to students as well as practitioners with a general interest in international finance.' - Michael Bergman, Associate Professor of Economics, University of Copenhagen, Denmark

Keith Pilbeam is Professor of International Economics and Finance at City University, London.

The international monetary system is characterized by vast numbers of daily transactions involving huge sums of money. In an increasingly globalized world economy, these trades can have enormous repercussions on economies and can occasionally cause currency, banking and financial crises. International Finance provides comprehensive coverage of the theory and practice of the balance of payments, exchange rate determination and the international money system. It includes both traditional and modern theories in the field and provides an extensive overview of the empirical evidence on the theories and concepts discussed. Key benefits of the fourth edition: New chapter on the global banking crisis Coverage of new financial instruments such as Collateralized Debt Obligations and Credit Default Swaps Up to date coverage of the European sovereign debt crisis Extensive case studies illustrating how theory applies to the real world of international finance * Improved pedagogical features and a comprehensive companion website International Finance is essential reading for undergraduate, postgraduate and MBA students of International Finance, International Economics and International Monetary Economics. Visit our companion site for additional student and lecturer resources.

This is the fourth edition of this highly successful text. Appealing to undergraduate, postgraduate and MBA students, its coverage of the theory and practice of the balance of payments, exchange rate determination and the international money system is both clear and accessible and guaranteed to bring the subject alive for its large and diverse audience. Supported by tables, graphs, diagrams and other pedagogical features, International Finance deals with the international interface of money markets and policy, which is of growing significance in an increasingly globalised world economy where economic crises have enormous political consequences.

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