International Money and Finance

International Money and Finance, 8th Edition, provides an overarching perspective on the global economy by combining material from theoretical finance and international macro-finance. The textbook introduces international finance to readers from diverse backgrounds while preparing them for careers in international investment, international banking, and multinational corporations.

The volume details the monetary approach to exchange rates, examining frameworks for managed floating exchange rates, sterilization, and sterilized intervention. It also addresses extended models of exchange rate determination, including the portfolio-balance approach, the role of news, and exchange rate overshooting.

Designed for upper-division undergraduates and graduate students, the text supports coursework in international finance, international economics, and international financial management through dedicated chapter exercises and online supplementary resources.