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词条 International finance
释义

  1. See also

  2. Notes and references

  3. External links

{{Short description|Financial services between nations}}{{For|the academic journal or financial magazine|International Finance (journal)|Global Finance (magazine)}}International finance (also referred to as international monetary economics or international macroeconomics) is the branch of financial economics broadly concerned with monetary and macroeconomic interrelations between two or more countries.[1][2] International finance examines the dynamics of the global financial system, international monetary systems, balance of payments, exchange rates, foreign direct investment, and how these topics relate to international trade.[1][2][3]

Sometimes referred to as multinational finance, international finance is additionally concerned with matters of international financial management. Investors and multinational corporations must assess and manage international risks such as political risk and foreign exchange risk, including transaction exposure, economic exposure, and translation exposure.[4][5]

Some examples of key concepts within international finance are the Mundell–Fleming model, the optimum currency area theory, purchasing power parity, interest rate parity, and the international Fisher effect. Whereas the study of international trade makes use of mostly microeconomic concepts, international finance research investigates predominantly macroeconomic concepts.

The three major components setting international finance apart from its purely domestic counterpart are as follows:

  1. Foreign exchange and political risks.
  2. Market imperfections.
  3. Expanded opportunity sets.

These major dimensions of international finance largely stem from the fact that sovereign nations have the right and power to issue currencies, formulate their own economic policies, impose taxes, and regulate movement of people, goods, and capital across their borders.[6]

The term "international finance" is sometimes also used as an anti-Semitic code word.

See also

  • Finance
  • Global financial system
  • International economics
  • International monetary systems
  • International trade

Notes and references

1. ^{{Cite book | title = International Finance and Open-Economy Macroeconomics | author = Gandolfo, Giancarlo | year = 2002 | publisher = Springer | location = Berlin, Germany | isbn = 978-3-540-43459-7}}
2. ^{{Cite book | title = International Finance, 3rd Edition | author = Pilbeam, Keith | year = 2006 | publisher = Palgrave Macmillan | location = New York, NY | isbn = 978-1-4039-4837-3}}
3. ^{{Cite book | title = International Macroeconomics | author = Feenstra, Robert C. | author2 = Taylor, Alan M. | year = 2008 | publisher = Worth Publishers | location = New York, NY | isbn = 978-1-4292-0691-4}}
4. ^{{Cite book | title = International Financial Management: Abridged 8th Edition | author = Madura, Jeff | year = 2007 | publisher = Thomson South-Western | location = Mason, OH | isbn = 0-324-36563-2}}
5. ^{{Cite book | title = International Financial Management, 6th Edition | author = Eun, Cheol S. | author2 = Resnick, Bruce G. | year = 2011 | publisher = McGraw-Hill/Irwin | location = New York, NY | isbn = 978-0-07-803465-7}}
6. ^{{Cite book | title = International Financial Management, 7th Edition | author = Eun, Cheol S. | author2 = Resnick, Bruce G. | year = 2015 | publisher = McGraw-Hill/Irwin | location = New York, NY | isbn = 978-0-07-786160-5}}

External links

  • [https://fraser.stlouisfed.org/subject/4230 Historical documents on international finance] available on FRASER
{{Finance}}WeltwirtschaftEconomía Internacional

3 : Financial economics|International finance|Economic globalization

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