导论国际金融概览

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1、TheOverviewofInternationalFinanceCourse2011.9.6www.themegallery.comHowmuchdoyouknowaboutinternationalfinance?TheoriesofinternationalfinanceForeignExchangeTransactionsInternationalFinancialMarketsInternationalcurrenciesWhatisInternationalfinance?TheOver

2、viewStep1Step2Step31.WhatisInternationalfinance?2.Whywestudyinternationalfinance?3.IntroductionofInternationalFinancecourse1.WhatisInternationalfinance?Internationalfinanceisthebranchofeconomicsthatstudiesthedynamicsofexchangerates,foreigninvestment,gl

3、obalfinancialsystem,andhowtheseaffectinternationaltrade.Italsostudiesinternationalprojects,internationalinvestmentsandcapitalflows,andtradedeficits.Itincludesthestudyoffutures,optionsandcurrencyswaps.Internationalfinanceisabranchofinternationaleconomic

4、s.TheoriesofinternationalfinanceImportanttheoriesininternationalfinanceincludetheMundell-Flemingmodel,theoptimumcurrencyarea(OCA)theory,aswellasthepurchasingpowerparity(PPP)theory.Whereasinternationaltradetheorymakesuseofmostlymicroeconomicmethodsandth

5、eories,internationalfinancetheorymakesuseofpredominantlymacroeconomicmethodsandconcepts.2.Whywestudyinternationalfinance?Globalizationisrapidlyemerging.Emergenceofworldwidefinancialmarketsandbetteraccesstoexternalfinancingforborrowers.Bytheearlypartoft

6、he21stcenturymorethan$1.5trillioninnationalcurrenciesweretradeddailytosupporttheexpandedlevelsoftradeandinvestment.Realizationofaglobalcommonmarket,basedonthefreedomofexchangeofgoodsandcapital.MultinationalcorporationAmultinationalcorporation(MNC)orent

7、erprise(MNE),isacorporationoranenterprisethatmanagesproductionordeliversservicesinmorethanonecountry.Itcanalsobereferredtoasaninternationalcorporation.Somemultinationalcorporationsareverybig,withbudgetsthatexceedsomenations'GDPs.Multinationalcorporatio

8、nscanhaveapowerfulinfluenceinlocaleconomies,andeventheworldeconomy,andplayanimportantroleininternationalrelationsandglobalization.MultinationalcorporationMNCsorganizethisoperationindifferentcountriesthroughanyofthefollowingfivealternati