Artikelomschrijving

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.