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Synopsis
Conventional wisdom has treated international trade as the motivating force behind international financial flows. Yet in the last quarter of this century, international financial flows have gained a momentum of their own and have dwarfed the role of international trade. This increase in volume has been spurred by the larger size and closer integration of today's international financial market systems.
A group of highly acclaimed contributors, who are leading authorities in the field of international finance, demonstrate that the development of a whole range of financial instruments is one of the key forces behind greater integration of financial markets.
International Finance provides students of economics, finance and business management with a discussion on international finance issues that is not too fundamental or too specialized in nature. Six key themes are developed which encompass some of the most practical and useful facets of international finance.