International Monetary and Financial Economics

Rating:
Summary: An econ book with real world uses!
Review: Daniels and VanHoose have put together an easy to read, real world applicable textbook. The topics covered are upper level collegiate international finance, but it's presented in a down to earth, orderly fashion. While I would have wanted color graphs, the full examples of complex operations (derivatives hedging, theoretical currency exchange rates and the like) more than made up the difference. They separate the elitist mathematics from that which students want and need. As a college student without a lot of time, that's a huge help. The most important teaching tool used extensively throughout the book is historical data. Being able to show why in theory, give evidence, and then present the deviations takes effort. There is no easy way to explain how the central banks around the world use different tactics in thier policies, but they got through it.