The book is designed to integrate the theory of foreign exchange rate determination
and the practice of global finance in a single volume, which demonstrates
how theory guides practice, and practice motivates theory, in this important area
of scholarly work and commercial operation in an era when the global market has
become increasingly integrated.
The book presents all major subjects in international monetary theory, foreign
exchange markets, international financial management and investment analysis.
The book is relevant to real world problems in the sense that it provides guidance
on how to solve policy issues as well as practical management tasks. This in turn
helps the reader to gain an understanding of the theory and refines the framework.
Various topics are interlinked so the book adopts a systematic treatment of integrated
materials relating different theories under various circumstances