本书是英文影印版图书,根据国内“国际金融”课程双语教学的需要,选取托马斯?普格尔教授的经典著作《国际经济学(第17版)》的国际金融部分改编而成,系统介绍了国际金融的基本原理和应用,详细而清晰地阐明了各种国际金融理论、易混淆的知识和概念,并提供了大量实例,有助于读者深入理解和应用所学知识。 第17版为*版,保持了原著简明易懂,既注重严谨的经济分析,又强调经济政策导向的特点,并紧跟国际金融理论与实践的发展动态,进行了增补和更新:补充了对近年来一些重要事件的分析;新增了一些专栏内容;更新了案例及部分章节内容。 本书结构清晰,逻辑严密,体系完整,篇幅适中,非常适合本科高年级学生、研究生双语教学使用,同时也可作为金融从业人员及国际商贸工作者的参考书。

International economics combines the excitement of world events and the incisiveness of economic analysis. We are in the second great wave of globalization, in which product, capital, and labor markets become more integrated across countries. This second wave, which began in about 1950 and picked up steam in the 1980s, has lasted longer than the first, which began in about 1870 and ended with World War I (or perhaps with the onset of the Great Depression in 1930). In the process of globalization, international trade, foreign direct investment, cross border lending, and international portfolio investments have grown faster than world production. In addition, information, data, and rumors now spread around the world instantly through the Internet and other global electronic media.
As the world has become more integrated, countries have become more interdependent. Increasingly, events and policy changes in one country affect many other countries. Also increasingly, companies make decisions about production and product development based on global markets. It is important to recognize, however, that globalization is not inevitable. Since the 2007?2009 global financial and economic crisis, the process of globalization has slowed markedly. To some extent, we may be in a pause to allow regrouping of the economic forces driving globalization. For example, before the crisis, global financial flows may have overexpanded, so a retrenchment is healthy. Other forces resisting globalization are political, including rising nationalism. Are national well-being and globalization enemies? A key task of international economics is to examine the national interest within an internationally linked world.
My goal in writing and revising this book is to provide the best blend of events and analysis, so that the reader builds the abilities to understand global economic developments and to evaluate proposals for changes in economic policies. The book is informed by current events and

Chapter 1 International Economics Is Different PART ONE UNDERSTANDING FOREIGN EXCHANGE Chapter 2 Payments among Nations Chapter 3 The Foreign Exchange Market Chapter 4 Forward Exchange and International Financial Investment Chapter 5 What Determines Exchange Rates? Chapter 6 Government Policies toward the Foreign Exchange Market Chapter 7 International Lending and Financial Crises PART TWO MACRO POLICIES FOR OPEN ECONOMIES Chapter 8 How Does the Open Macroeconomy Work? Chapter 9 Internal and External Balance with Fixed Exchange Rates Chapter 10 Floating Exchange Rates and Internal Balance Chapter 11 National and Global Choices: Floating Rates and the Alternatives APPENDIXES A Accounting for International Payments B Many Parities at Once C Aggregate Demand and Aggregate Supply in the Open Economy D Devaluation and the Current Account Balance