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With this book, Maurice D. Levi hopes to provide a broad study of the past, present and future of international finance at the senior-undergraduate to masters level. Summary Of The Book Two of the major topics that International Finance intends to cover are macroeconomics and international finance. After a brief introduction on international finance and exchange rates, the book proceeds to talk in length about forward exchange, the future of different currencies and options markets, the balance of payments, exchange rates from a supply and demand point of view, the purchasing-power parity principle, interest parity, foreign exchange exposure and risk, operating exposure, hedging, forecasting and speculation of exchange rate, cash management, portfolio investment, capital budgeting for foreign investment, growing concerns about multinationals, international dimensions of long-term financing, multinational banking, instruments and institutions of international trade, asset-based theories of exchange rates, alternative systems of exchange rates and globalization. The book also contains a section on the history of the international financial system, the rise of Asian economies and emerging financial markets. Important features of the 5th edition include detailed information on world economies, the effects of globalisation, explanations on exchange rates and how they affect firms around the world, the far-reaching influence of MNC’s on finance worldwide and the opportunities presented by e-commerce. The book also focuses on the economic growth of India, China and other growing economies of Asia. The 5th edition in particular deals with changes and advancements in international finance over the last few years. The author gives various case studies, examples and review questions for readers to obtain a thorough understanding of the subject. The book has succeeded at becoming an indispensable knowledge pool to students of economics as well those with experience in finance. About Maurice D. Levi Maurice D. Levi is the Bank of Montreal Chair of International Finance in the Sauder School of Business at the University of British Columbia. He also wrote the Economics and The Modern World, Economics Deciphered: A Layman’s Survival Guide and Thinking Economically. Levi who obtained his doctorate at the University of Chicago, holds teaching positions at MIT, University of California, Berkeley, University of Exeter, University of New South Wales and London Business School. He is also the recipient of the Killam and Nomura Fellowships and Bronfman Award. His publications have appeared in many prestigious journals like the American Economic Review, Journal of Finance and Econometrica to name a few.