Intended for a full course on international money and finance, this textbook discusses: international payments and exchange; international finance instruments, markets, and institutions; exchange rates and balance-of-payments determination; open economy macroeconomics and policy analysis; and, multi
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This text covers the full range of topics in international money and finance, giving solid attention to 3 key areas - international finance, open-economy macroeconomics, and international money and banking. It consistently connects theory to real-world policy and business applications (and strikes a balance between business relevance and policy relevance), demonstrating to readers the contemporary applications that can be explored, and that international monetary and financial economics is a dynamic and interesting subject area that has become of great importance for international affairs and business.
Joseph Daniels earned his Ph.D. at Indiana University and is an associate professor of economics and international business at Marquette University. Daniels, a Canadian - U.S. Fulbright Research Scholar has published articles in academic journals including the Journal of International Money and Finance, Open Economies Review, the Journal of Economics and Business, and the Review of International Economics, and in public policy publications such as Princeton Studies in International Finance, Carnegie-Rochester Series on Public Policy, and International Economic Insights. An authority on G8 policy processes, he authored The Meaning and Reliability of Economic Summit Undertakings, co-edited The G8: Its Role in the New Millennium, Guiding Global Order: G8 Governance in the Twenty-First Century, and Shaping a New International Financial System, serves as an accredited media consultant, and frequently appears in live and print media interviews during the annual economic summits. Daniels has received departmental, college, and university teaching awards at two different universities and is co-author of International Monetary and Financial Economics (Second Edition 2002) and Global Economic Issues and Policies (2003). David VanHoose earned his Ph.D. at the University of North Carolina at Chapel Hill and is Herman W. Lay Professor of Private Enterprise at Baylor University. He has published articles in such journals as the Quarterly Journal of Economics, the International Economic Review, the Southern Economic Journal, the Journal of Money, Credit, and Banking, Economic Inquiry, and the Scandinavian Journal of Economics. VanHoose served as a Visiting Economist at the Board of Governors of the Federal Reserve System in 1988 and as a Visiting Scholar at the Federal Reserve Bank of Kansas City in 1989. In 1991 he received the Iddo Sarnat Award for the outstanding article in the Journal of Banking and Finance, and in 1995 he received the Atlantic Economic Journal's best article award. He is an editor of the Journal of Economics and Business and serves on the editorial boards of Open Economies Review and the Atlantic Economic Journal. He has 18 years of teaching experience at the undergraduate and graduate levels. VanHoose is author of E-Commerce Economics (2003) and co-author of Macroeconomics: Theories, Policies, and International Applications (Third Edition 2004), International Monetary and Financial Economics (Second Edition 2002), Money, Banking, and Financial Markets (Second Edition 2004), and Global Economic Issues and Policies (2003).
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