International Money and Finance

International Money and Finance, 10th Edition, provides an institutional and historical overview of global financial markets for advanced undergraduate students, graduate students, and industry professionals in economics, business, and finance. Written by Michael Melvin and Stefan C. Norrbin, this textbook balances foundational monetary concepts with modern empirical context.

The material develops across four structural areas, beginning with exchange rates, balance of payments structure, and institutional monetary arrangements. It then moves into technical mechanisms, including forward-looking market instruments, Eurocurrency markets, interest rate parity, and purchasing power parity. Subsequent sections address foreign exchange risk management for multinational firms, international portfolio investment, and global credit crises.

A primary structural feature is the integration of recent and current events within an open economy macroeconomic framework. The text concludes with formal modeling techniques such as the IS-LM-BP framework and monetary approaches to exchange rates, making it suitable for departmental curricula across finance and economics programs.