International Finance: A Survey

Understanding the current state of affairs and tools available in the study of international finance is increasingly important as few areas in finance can be divorced completely from international issues. International Finance reflects the new diversity of interest in international finance by bringing together a set of chapters that summarizes and synthesizes developments to date in the many and varied areas that are now viewed as having international content. The book attempts to differentiate between what is known, what is believed, and what is still being debated about international finance. The survey nature of this book involves tradeoffs that inevitably had to be made in the process given the vast footprint that constitutes international finance. No single book can cover everything. This book, however, tries to maintain a balance between the micro and macro aspects of international finance. Although each chapter is self-contained, the chapters form a logical whole that follows a logical sequence. The book is organized into five broad categories of interest: (1) exchange rates and risk management, (2) international financial markets and institutions, (3) international investing, (4) international financial management, and (5) special topics. The chapters cover market integration, financial crisis, and the links between financial markets and development in some detail as they relate to these areas. In each instance, the contributors to this book discuss developments in the field to date and explain the importance of each area to finance as a field of study. Consequently, the strategic focus of the book is both broad and narrow, depending on the reader's needs. The entire book provides a broad picture of the current state of international finance, but a reader with more focused interests will find individual chapters illuminating on specific topics. Available in OSO: http://www.oxfordscholarship.com/oso/public/content/economicsfinance/9780199754656/toc.html Contributors to this volume - Nicola Acocella is Professor of Economic Policy at the University of Rome La Sapienza, Pierre-Richard Agenor is Hallsworth Professor of International Macroeconomics and Development Economics at the University of Manchester Raj Aggarwal is Sullivan Professor of International Business and Finance at the University of Akron Yigit Atilgan is Assistant Professor of Finance at Sabanci University Marc Auboin is Counselor in the Economic Research and Statistics Division at the World Trade Organization H. Kent Baker is University Professor of Finance and Kogod Research Professor at American University Taran G. Bali is David Krell Chair Professor of Finance at Baruch College, CUNY Franck Bancel is Professor at ESCP Europe Jenny Berrill is College Lecturer at Trinity College Dublin, Ireland Simon J. Broome is Lecturer in Economics at National University of Ireland Maynooth Kirt C. Butler is Associate Professor of Finance at Michigan State University Stijn Claessens is Assistant Director in the Research Department of the International Monetary Fund K. Ozgur Demirtas is Associate Professor of Finance at Baruch College, CUNY, and Sabanci University Giovanni Di Bartolomeo is Associate Professor of Economic Policy at the University of Teramo, Italy Stephen P. Ferris is Professor and J. H. Rogers Chair of Money, Credit, and Banking at the University of Missouri Thomas J. Flavin is Senior Lecturer in Finance at National University of Ireland Maynooth Manuela Geranio is Researcher at Bocconi University, Italy William Gerken is Assistant Professor of Finance at Auburn University Issam Hallak is Assistant Professor at Bocconi University, Italy Andew Hughes Hallett is Professor of Economics and Public Policy at George Mason University and University of St. Andrews Ulrich Hommel is Professor at the Strategic Finance Institute (SFI) at the EBS Business School and Visiting Professor at Stockholm University School of Business Robert Johnson is Professor of Economics at the University of San Diego Colm Kearney is Professor of International Business at Trinity College Dublin, Ireland Woojin Kim is Assistant Professor of Finance at Seoul National University Suk Hun Lee is Professor of Economics and Finance, Loyola University Chicago James R. Lothian is Distinguished Professor of Finance at Fordham University A. G. Malliaris is Professor of Economics and Finance and Walter F. Mullady Sr. Chair in Business Administration at Loyola University Chicago Usha R. Mittoo is Bank of Montreal Professor of Finance at the University of Manitoba James Moore is Managing Director of the Global Opportunity Fund and Adjunct Professor of International Political Economy at Golden Gate University Thomas O'Connor is Lecturer in Finance at National University of Ireland Maynooth Benoit Mario Papillon is Professor of Economics at the University of Quebec in Trois-Rivieres Kate Phylaktis is Professor of International Finance and Director of the Emerging Markets Group at the University of London Tony Porter is Professor of Political Science, McMaster University Tobias Prokesch is Research Assistant at the Strategic Finance Institute (SFI) at EBS Business School Leigh A. Riddick is Associate Professor of Finance at American University Sanjiv Sabherwal is Associate Professor at the University of Texas at Arlington Karen Schnatterly is Associate Professor at the University of Missouri Piet Sercu is Professor of International Finance at Katholieke Universiteit Leuven Luc Soenen is Professor of Finance at Tilburg University and Antwerp Management School Mark P. Taylor is Dean at the Warwick Business School and Professor of Finance at the University of Warwick Swinyai Utete is Visiting Assistant Professor of Finance at Louisiana State University Rosanne Vanpee is Assistant Professor of Financial Management at Hogeschool-Universiteit Brussel Zhou Zhang is Assistant Professor and Viterra Faculty Fellow at the University of Regina Pengcheng Zhu is Assistant Professor of Finance at the University of the Pacific