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olfo, 2020, 。 Pilbeam, 2020, pp. xxi) . International Finance is the equivalent to open economy macroeconomics and International Macroeconomics. It deals with the real world issues such as balance of payments problems and policy, the causes of exchange rate movements and the implications of macroeconomic linkages between countries (Pilbeam, 2020, pp. xxi). ?Introduction 16 Contents ?The theory on balance of payments Including elasticity approach, multiplier approach, absorption approach, and moary approach to balance of payment, etc. ?The exchange rate economics The determination of the exchange rate under a floating exchange rate regime, and the economics of fixed exchange rate regimes, such as the choice of exchange rate regimes, currency crisis, target zone theory, etc. ?Policy, policy mix amp。 policy coordination ?Introduction 17 Paradigms ?MF and MFD model。 Originator amp。 contributors: Mundell (1960。 1963。 1964)。 Fleming (1962)。 Dornbusch (1976). ?Intertemporal approach to the current account。 Originator amp。 contributors: Hamada (1969), etc. ?New open economy macroeics (NOEM) Originator amp。 contributors: Obstfeld and Rogoff (1995。 1996). ?Introduction 18 V. Course Outlines ?Introduction ?Theory of Balance of Payments ?Exchange Rate Economics ?Policies in the Open Economy ?Introduction 19 ?Appendix 20 International Finance Liu, Xiaohui SWUFE 21 ?Introduction I. What Is Finance? ?Allocation efficiency of capital amp。 assets。 ?The working of the capital market and the supply and the pricing of capital assets (Stephen A. Ross)。 ?The allocation and deployment of economic resources, both spatially and temporally, in an uncertain environment (Merton, 1995). A simple note on the definitions of capital, asset, and capital asset, etc. is presented in the attached document. 22 II. The Subject of Finance Finance Abroad ?Corporate finance capital structure amp。 corporate governance ?Asset pricing or capital market Finance in the Domestic ?Macrofinance Money and Banking, also referred to as Economics of Money, Banking and Financial Markets. In a broader sense, it should be labeled as Moary Economics. ?Introduction 23 International Finance, also labeled as Open Economy Macroeconomics, International Moary Economics, International Macroeconomics, etc., a branch of International Economics. ?Microfinance The