國(guó)際貨幣與金融經(jīng)濟(jì)學(xué)

前言

自教育部在《關(guān)于加強(qiáng)高等學(xué)校本科教學(xué)工作提高教學(xué)質(zhì)量的若干意見》【教高（2001）4號(hào)】中提出雙語教學(xué)的要求后，各地高校相繼開設(shè)了一系列雙語教學(xué)課程。這對(duì)提高學(xué)生的學(xué)科和外文水平，開闊國(guó)際視野，培養(yǎng)創(chuàng)新型人才起到了重要的作用；一大批教師也逐漸熟悉了外文授課，自身的教學(xué)水平和能力得到較大提高，具備國(guó)際學(xué)術(shù)思維的中青年教師脫穎而出。同時(shí)，經(jīng)過近幾年的雙語教學(xué)實(shí)踐，國(guó)外原版教材量大、邏輯不夠清晰、疏離中國(guó)現(xiàn)實(shí)等問題也影響了雙語教學(xué)的效果。因此，對(duì)外版教材進(jìn)行本土化的精簡(jiǎn)改編，使之更加適合我國(guó)的雙語教學(xué)已提上教材

內(nèi)容概要

　　《國(guó)際貨幣與金融經(jīng)濟(jì)學(xué)》系統(tǒng)而深入淺出地介紹了國(guó)際金融所涉及的所有主題。全書包括五個(gè)部分，共15章。其中，第一和第二部分介紹了國(guó)際貨幣金融交易活動(dòng)的支付和交易體系以及主要的國(guó)際金融工具、市場(chǎng)和金融機(jī)構(gòu)；第三部分主要論述了匯率和國(guó)際收支的決定；第四和第五部分主要是開放宏觀經(jīng)濟(jì)學(xué)和政策分析，包括世界經(jīng)濟(jì)中的一國(guó)和多國(guó)的政策制定。

作者簡(jiǎn)介

約瑟夫R丹尼爾斯，JosephRDaniels），美國(guó)馬奎特大學(xué)經(jīng)濟(jì)系和國(guó)際商務(wù)系副教授，曾先后在印第安納大學(xué)、多倫多大學(xué)任教，多次獲得教學(xué)獎(jiǎng)勵(lì)獎(jiǎng)，主要研究領(lǐng)域是匯率制度、國(guó)際貨幣與金融政策等。戴維D．范胡斯，DavidD．VanHoose），美國(guó)貝勒大學(xué)的經(jīng)濟(jì)學(xué)教授和Hemanw．Lav私人企業(yè)講習(xí)教授，擁有20多年的教學(xué)經(jīng)驗(yàn)。他在許多一流金融經(jīng)濟(jì)雜志，如QuarterlvJournalofEconomics，InternationalEconomicReview,JournalofMoney,Credit，andBanking等發(fā)表論文若干篇，并分別在1991年獲得JournalofBankingandFinance的杰出論文獎(jiǎng)，在1995和2001年獲得AtlanticEconomicJournal的最佳論文獎(jiǎng)。范小云，經(jīng)濟(jì)學(xué)博士，南開大學(xué)金融學(xué)系副教授，現(xiàn)任南開大學(xué)國(guó)際金融研究中心主任、金融學(xué)系副主任。在《國(guó)際金融研究》、《經(jīng)濟(jì)學(xué)動(dòng)態(tài)》等刊物發(fā)表文章近20篇。主要研究方向?yàn)閲?guó)際金融、金融風(fēng)險(xiǎn)、貨幣理論與貨幣政策等。馬君潞，經(jīng)濟(jì)學(xué)博士，南開大學(xué)經(jīng)濟(jì)學(xué)院副院長(zhǎng)、金融學(xué)系主任、教授、博士生導(dǎo)師。主要研究方向?yàn)閲?guó)際金融、貨幣理論與貨幣政策、公司財(cái)務(wù)等。

書籍目錄

UNIT 1: INTERNATIONAL PAYMENTS AND EXCHANGECHAPTER 1KEEPING UP WITH A CHANGING WORLDTRADE FLOWS, CAPITAL FLOWS,ANDTHE BALANCE OF PAYMENTS2International Economic Integration: The Importance of Global Trade and Financial Markets3The Real and Financial Sectors of an Economy3World Trade in Goods and Services4InternationaITransactions in Financial Assets6The Balance of Payments8Balance of Payments as a Double-EntryBookkeeping System9Balance of Payments Accounts10Deficits and Surpluses in the Balanceof Payments14Other Deficit and Surplus Measures15The Capital Account and the International Flow of Assets16A CapitalAccount Surplus17The United States as a Net Debtor17Relating the Current Account Balance and Capital Flows18Chapter Summary20Questions and Problems21CHAPTER 2THE MARKET FOR FOREIGN EXCHANGE23Exchange Rates and the Market for ForeignExchange24The Role of the Foreign Exchange Market24Exchange Rates as Relative Prices26Bid-Ask Spreads and Trading Margins28Real Exchange Rates29The Effect of Price Changes30Measuring the Overall Strength or Weaknessof a Currency: Effective Exchange Rates31Constructing an Effective Exchange Rate32A Two-Country Example of an Effective ExchangeRate33Composite Currencies35Special Drawing Right （SDR）35Foreign Exchange Arbitrage36The Demand for and Supply of Currencies38The Demand for a Currency38The Supply of a Currency39The Equilibrium Exchange Rate41Foreign Exchange Market Intervention42Purchasing Power Parity44Absolute Purchasing Power Parity44POLICY NOTEBOOK: The Big Mac Index48Relative Purchasing Power Parity49Chapter Summary 51Questions and Problems52CHAPTER 3EXCHANGE-RATE SYSTEMS, PASTTO PRESENT54Exchange-Rate Systems55The Gold Standard56The Gold Standard as an Exchange-RateSystem56Performance of the Gold Standard57The Collapse of the Gold Standard59The Bretton Woods System60The Bretton Woods Agreement60Performance of the Bretton Woods System62The Flexible-Exchange-Rate System65The Economic Summits and a New Order65Performance of the Floating-Rate System66The Plaza Agreement and the Louvre Accord67The Euro 68Other Forms of Exchange-Rate ArrangementsToday69Crawling Pegs70Currency Baskets71Independent Currency Authorities73Dollarization73Fixed or Floating Exchange Rates?75Should China Peg or Float?76Chapter Summary 81Questions and Problems82UNIT 2: INTERNATIONAL FINANCIAL INSTRUMENTS, MARKETS,AND INSTITUTIONSCHAPTER 4THE FORWARD CURRENCY MARKETAND INTERNATIONAL FINANCIALARBITRAGE 84Foreign Exchange Risk84Types of Foreign Exchange Risk Exposure85Hedging Foreign Exchange Risk 86The Forward Exchange Market87Covering a Transaction with a Forward Contract87Determination of Forward Exchange Rates88The Forward Exchange Rate as a Predictor of the Future Spot Rate89International Financial Arbitrage91Interest Parity91Exchange Uncertainty and Covered Interest Parity92Uncovered Interest Parity94Uncovered Interest Arbitrage94Risk and Uncovered Interest Parity95Risks Other than Foreign Exchange Risk96Tests of Uncovered Interest Parity96Foreign Exchange Market Efficiency97Market Efficiency98Evidence on Foreign Exchange Market Efficiency98International Financial Markets98International Capital Markets99International Money Markets99Eurobonds, Euronotes, and Eurocommercial Paper99Eurocurrencies100Chapter Summary103Questions and Problems103CHAPTER 5INTEREST YIELDS, INTEREST-RATE RISK, AND DERIVATIVE SECURITIES106Interest Yields and Financial Instrument Prices106Interest Rate Differentials-Excess Returns and Failure of Uncovered Interest Parity108Breakdown of Uncovered Interest Parity and Excess Returns109MANAGEMENT NOTEBOOK: Why Uncovered Interest Parity May Hold, but Not for Very Long110Accounting for Differences in Excess Returns to Help Explain International Interest Rate Differences111Real Interest Rates and Real Interest Parity113Real Interest Parity114Hedging, Speculation, and Derivative Securities116Possible Responses to Interest-Rate Risk116Derivative Securities117Common Derivative Securities and Their Risks121Forward Contracts121Futures122Options126Swaps133Derivatives Risks and Regulation135Chapter Summary137Questions and Problems138CHAPTER 6INTERNATIONAL BANKING, CENTRALBANKS, AND SUPRANATIONAL FINANCIALPOLICYMAKING INSTITUTIONS140Financial Intermediation Across NationalBoundaries141Banking Around the Globe142Bank versus Market Finance142Differences in Bank Market Structure143A New Convergence: Universal Banking143Global Payments and Financial SystemRisks144Global Payment Systems145Payment-System Risks146Financial Instability and International FinancialCrises150POLICY NOTEBOOK: Using "Exchange Market Pressures" to Assess Contagion Effects152Bank Regulation and Capital Requirements154The Goals of Bank Regulation154Bank Capital Requirements155Supranational Financial Policymaking Institutions159The International Monetary Fund159The World Bank162Chapter Summary164Questions and Problems165CHAPTER 7THE INTERNATIONAL FINANCIAL ARCHITECTURE AND EMERGINGECONOMIES 166International Capital Flows167Explaining the Direction of Capital Flows167Capital Allocations and Economic Growth173Capital Misallocations and Their Consequences175Maximizing Benefits and Minimizing Risks176Where Do Financial Intermediaries Fit In?177Capital Market Liberalization and Intemational Financial Crises178Are All Capital Flows Equal?178The Role of Capital Flows in Recent Crisis Episodes180Exchange Rate Regimes and Financial Crises182Schools of Thought on Exchange Rate Regimes 182The Corners Hypothesis183Dollarization183Peg, Take the Middle Road, or Float?184Evaluating the Status Quo185Does the International Financial Architecture Need a Redesign?187Crisis Prediction and Early Warning Systems187Rethinking Economic Institutions and Policies189Chapter Summary191Questions and Problems192UNIT 3: EXCHANGE-RATE AND BALANCE-OF-PAYMENTSDETERMINATIONCHAPTER 8TRADITIONAL APPROACHES TO BALANCE OF-PAYMENTS AND EXCHANGE-RATE DETERMINATION 195Common Characteristics of the Traditional Approaches196Exports, Imports, and the Demand for and Supply of Foreign Exchange196Derivation of the Demand for Foreign Exchange196Elasticity and the Demand for Foreign Exchange 198Derivation of the Supply of Foreign Exchange 200Elasticity and the Supply of Foreign Exchange200The Elasticities Approach202The Exchange Rate and the Balance of Payments 202Short- and Long-Run Elasticity Measures and the J-Curve 206Pass-Through Effects208The Absorption Approach209Modeling the Absorption Approach 209Determination of the Current Account Balance210Economic Expansion and Contraction211Policy Instruments213Chapter Summary 214Questions and Problems 215CHAPTER 9MONETARY AND PORTFOLIO APPROACHESTO BALANCE-OF-PAYMENTS AND EXCHANGE-RATE DETERMINATION 217 Central Bank Balance Sheets 218Managed Exchange Rates: Foreign Exchange Interventions218Mechanics of Foreign Exchange Interventions218Foreign Exchange Interventions and the Money Stock219Sterilization of Interventions219The Monetary Approach to Balance-of-Payments and Exchange-Rate Determination221The Cambridge Approach to Money Demand221Money, the Balance of Payments, and the Exchange Rate221The Monetary Approach and a Fixed-Exchange-Rate Arrangement223The Monetary Approach and a Flexible-Exchange Rate Arrangement225Applying the Monetary Approach: A Two-Country Setting227ATwo-Country Monetary Model227The Portfolio Approach to Exchange-Rate Determination228Households' Allocation of Wealth229To Sterilize or Not to Sterilize?232Do Interventions Accomplish Anything?233Chapter Summary235Questions and Problems236……UNIT 4: OPEN ECONOMY MACROECONOMICS AND POLICY ANALYSISUNIT 5： DOMESTIC AND MULTINATIONAL POLICYMAKING IN A GLOBAL ECONOMY

章節(jié)摘錄

插圖：

編輯推薦

《國(guó)際貨幣與金融經(jīng)濟(jì)學(xué)》學(xué)術(shù)水平高、內(nèi)容豐富、理論密切聯(lián)系實(shí)際，適合作為經(jīng)濟(jì)類和金融類專業(yè)"國(guó)際金融"程雙語教學(xué)的高年級(jí)本科生教材和研究生教材，作為MBA相關(guān)課程的教材也頗為適宜，對(duì)于實(shí)際工作者和對(duì)國(guó)際金融感興趣的人士，也是很好的參考書。

圖書封面

圖書標(biāo)簽Tags

無

評(píng)論、評(píng)分、閱讀與下載

---

    國(guó)際貨幣與金融經(jīng)濟(jì)學(xué) PDF格式下載

---