本书从宏观角度介绍国际金融的产生、发展以及研究的主要内容。首先阐述国际金融产生的直接原因和国际收支的内容、含义以及与宏观经济的联系。其次研究外汇市场，包括汇率、外汇市场实务、外汇风险及对冲策略、各国的汇率制度安排、关于汇率决定的重要理论。之后讨论用于管理外汇风险的外汇衍生产品以及涉及国际交易的国际金融市场。此外，还将介绍关于国际收支调整的一些重要理论。最后，简要分析了开放经济前提下的宏观经济理论以及不同汇率制度下的经济政策。 本书内容简明、实用，可作为专业基础课教材，适合高校经济和金融类专业师生使用。

Chapter 1 NTRODUCT[ON T0 INTERNAT0NAL FINANCE
The Subiect Matter of InternationaI Finance
The Environment of Internationa Finance
The Theory of Comparative Advantage
The Benefits of Studying InternationaI Finance
The Structure ofThis Book
Summary
Key Concepts and Terms
Questions
Chapter 2 THE BALANCE OF PAYMENTS
Definition of the Baance of Payments
Baance of PavmentS Accounting
Accounts of the Baance of Payments
Surpuses and Deficits In the Baance of Payrments Accounts
Internationanvestment Position
The Current Account and the Macroeconomics
The Economic Reationship between Current Account and FinanciaI Account
Summary
Key Concepts and Tems
Questions
Chapter 3 THE FOREIGN EXCHANGE MARKET
The Basics of Foreign Exchange Market
Spot Exchange Market，Exchange Rate Quotations，and Foreign ExchangeArbitrage
The Forward Foreign Exchange Market
Foreign Exchange Risk and Hedging Strategies
Other Types of Exchange Rates
Summarv
Key Concepts and Terms
Questions
Chapte 4 INTERNAT0NAL MONETARY SYSTEM
Definition of the InternationaI Monetary System
The God Standard(1 876—1 944)
Bretton Woods System(1 944--1 973)
Foating Exchange Rate System f1 973--Now)
Exchange Rate Systems in Practice
Auments for Fixed and Foating Exchange Rates
Summarv
KeY Concepts and Terms
Questions
Chapte 5 EXCHANGE RATE DETERMINATION AND FORECASTING
EXCHANGE RATES
Exchange Rates Determination in the Short Run
Purchasing Power Parity(PPP)
Interest Rate Parity(IRP)
Rea Interest Rates and Rea Interest Parity
Exchange Rate Forecasting
Summary
Key Concepts and TermS
Questions
Chapte 6 FINANCIAL DERIVATIVES FOR CURRENCY RISK MANAGEMEN
Currency Futures
Currency Option
Currency Swaps and Interest Rate Swaps
Summary
Key Concepts and Terms
Questions
Chapte 7 INTERNAT[ONAL FINANCIAL MARKETS
Introduction to FinanciaI Market
Internationa Money Market
Eurocurrency Market
Internationa Capita Market
Eurobond Markets
InternationaI Stock Market
Summary
Key Concepts and Terms
Question
Chapter 8 THE BALANCE OF PAYMENTS TMENT
Easticity Approach(Reative Price Effects)
The Absorption Approach(Income Effects)
Summary 255Key Concepts and Terms
Questions
chapter 9 EQUILIBRIUM IN BALANCE OF PAYMENTS AND EXCHANGE RATE
The Monetary ApproeachAppr2061ach
The PortfoIio Baance
Summary
Key concepts and Terms
Questions
Chapter 10 MACROECONOMICS IN AN OPEN ECONOMY
The Agggate Demand for the Aggregate Output 2
The IS,LM and BP Curves in an Open Economy
Summary
Key concepts and Terms
Question
Chapter 11 ECONOMIC POLICY UNDER FIXED AND FLOATING EXCHANG
RATE SYSTEM
Monetary Poicy,Fisca Poicy and Capita Mobiity
Economic Poicy under Fixed Exchange Rate System
Economic Poicy under Foating Exchange Rate System
Summary
Key concepts and Terms
Question