Fundamentals of International Finance

This textbook aims to provide a complehensive and understadable analytical framework of international finance in terms of theory and practice. The book covers three main areas - The International Financial Environment, Determinants of Exchange Rate and Exchange Rate Policy, and Foreign Exchange Derivatives.

This textbook aims to provide a comprehensive and understandable analytical framework of international finance in terms of theory and practice. The book covers three main areas - The International Financial Environment, Determinants of Exchange Rate and Exchange Rate Policy, and Foreign Exchange Derivatives. This book is suitable for every level of learner. Anyone who is curious about international finance topics from college students to their professors can all find something useful from within the rich and varied content presented here. It has been written in an engaging and refreshing way to reward effort over sometimes complex concepts. It stresses learning by example. To explore a theory or method, an example is worked out first, and the (mathematical) principles are explained later. Exercise and solution keys are provided at the end of each chapter to facilitate both self learning and the teaching process.

Autorentext

Tien Van Nguyen is a full Professor of Finance and Banking at Banking Academy of Vietnam. He is also a Member of Vietnam International Arbitration Center (VIAC). He did his Bachelor and PhD degrees at the Economic University of Slovakia. Before joining Banking Academy of Vietnam, he served as Director of the General Affairs and Economic Analysis Department at the Commercial Bank for Foreign Trade of Vietnam (Vietcombank) from 1994 until 1998. Since 1999, he has been the Dean of Faculty of International Money and Banking and Dean of Faculty of International Business at Banking Academy of Vietnam.

He is an active researcher in finance and banking. He has published critically acclaimed textbooks, including: Modern International Finance; The Money, Banking and Financial Markets; Commercial Banking Management; International Payments and Trade Finance; and The Foreign Exchange Markets.

He has received several large research grants funded by the Vietnamese government and has supervised several PhD students to completion in the areas of banking, finance and international trade. He is a sought-after speaker workshop facilitator using design thinking and has worked with many commercial banks and import-export companies in high priority projects

Inhalt

Contents: An introduction - The foreign exchange market - International monetary system - Balance of payments and international investment position - Exchange rate and exchange rate regimes - Theory of purchasing power parity - Theory of interest rate parity - Determinants of exchange rate - the complete view - Monetary, fiscal and exchange rate policy (IS- LM- BP approach) - Identification of exchange rate risk - The foreign exchange forwards - The foreign exchange swaps - Currency futures - Currency options.