International money and finance

This overview of international finance presents professors and students with basic coverage of the foreign exchange market and the balance of payments, with special emphasis on recent research findings related to exchange rate determination. Melvin covers such topics as financing international trade, as well as more advanced topics such as "overshooting" exchange rates and "speculative bubbles". This text integrates international financial management topics with international monetary economics to provide instructors with thorough coverage of key financial management topics, as well as an introduction to the determinants of the balance of payments and exchange rates. This fourth edition has been throughly revised to include up-to-date data such as the changes in the European Monetary System.