International Money and Finance (7th Edition)

I just finished one semester using this book. It covers the basic topics in this field in reader friendly language. Yet, if you have absolutely no previous knowledge about microeconomics or finance, this book would be a challenge. I would say this book is rather an introductory book on Macroeconomics, it doesn't explain the issues in great details and I agree with one of the viewers that this book doesn't have enough examples. Since the topics covered in this book are those technical financial and macroeconomic issues, one would need to do extra homework (ie,refer to other learning materilas) to really understand the topics. If you happen to have a great professor, it would help a lot.

I can hardly agree with former reviewers. Worst book I have ever seen on the subject. No serious professor shall use it for lecturing. I can hardly believe it is gotten to a 7th edition and the price is really excessive. Not a single penny shall be spent on such a book. If you do not want to waste your money and time, buy any other book on the subject (or any other subject for that matter). A few examples will suffice. First look at the index. You will find several sections for each chapter. Most sections are only one page long. Look at references cited at the end of each chapter. Well, many are unrelated to the main text of the chapters. Nor references are ever mentioned during the main body of the text. There are no footnotes. For instance there is not a single reference on Dornbusch overshooting papaer. Third, open economy macroeconomics are left to the final chapter and are covered rather superficially. So superficially that the open economy multiplier is introduced after an incomplete presentation of the Mundell Fleming model. The discussion on issues regarding capital inflows, which is only about one page long, appears well in advance of the introduction of basic concepts for open economy macroeconomics. This does not make any sense. The list goes on and on and on for. Now, if you just want to get a rough idea of what the subject is about (I mean like a novel), you will get some benefit by reading (not studying) this book. However, you should try other options instead.

If the previous reviewer thought *this* was too complicated and confusing, I don't know what they'd make of the leading textbook in the field, Krugman's International Economics, which is a confusing, disorganized, and bloated mess. In my opinion, this book is much simpler, clearer, better organized, and better written. I just took a course with Krugman's text, and now I'm reading this to figure out what the heck Krugman was talking about, with great success.

I have been using this book in an international finance class. It has been very imformative but is very slow going due to the complex nature of the text. I would suggest this to anyone who is not just interested in the subjecrt, but dedicated.