The purpose of this course is to provides rigorous introduction to international finance. The main focus of the course is on foreign exchange and international capital markets. To this end, we will explain the relevant theories and associate empirical tools in this class. The course is organized into three parts. We begin with an introduction to the foreign exchange market and a basic open-economy macroeconomics. Next, we introduce core theoretical models for understanding how foreign exchange rates are determined and forward exchange rate market. Finally, we explain the Mundell and Fleming propositions and theoretical and empirical test for PPP hypothesis.

The purpose of this course is to provide rigorous introduction to international finance. The main focus of the course is on foreign exchange and international capital markets. To this end, we will explain the relevant theories and associate empirical tools in this class. The course is organized into three parts. We begin with an introduction to the foreign exchange market and a basic open-economy economics. Next, we introduce core theoretical macroeconomics models for understanding how foreign exchange rates are determined and forward exchange rate market. Finally, we explain the Mundell and Fleming propositions and theoretical and empirical test for PPP hypothesis.

本課程乃係延續經濟學系大學部四年級的「國際金融理論」這門課程進行設計而來，課程內容涵蓋了外匯市場的各項實務操作、各種匯率制度運作的認識與了解、匯率的動態調整(dynamic adjustment)、宣告效果(announcement effect)、匯率制度變遷(the exchange regime switching)、匯率制度崩潰(the exchange regime collapse)、資產組合平衡模型分析(the portfolio balance approach)、雙元匯率制度:動態層面的分析、黑市外匯市場、開放經濟:最適控制模型的應用、匯率目標區(the exchange rate target zone)、通貨與金融危機(currency and financial crises)等課題，以做為本所學生修完總體經濟理論必修課程後，供學生選擇的一門總體經濟理論相關選修課程。

This course is designed as a continuation of the fourth-year undergraduate course "International Financial Theory" in the Department of Economics. The course content covers various practical operations in the foreign exchange market, knowledge and understanding of the operation of various exchange rate systems, dynamic adjustment of exchange rates, announcement effect, exchange regime switching, and exchange regime collapse. collapse), the portfolio balance approach, dual exchange rate system: dynamic level analysis, black market foreign exchange market, open economy: application of optimal control model, the exchange rate target zone, currency and financial crisis crises) and other topics, it is an elective course related to general economic theory for students to choose after completing the required courses on general economic theory.

陳旭昇，國際金融理論與實證，雙葉書廊, 2021, 1版。雙葉書局
Copeland, L. (2014), Exchange Rate and International Finance, 6th edition, Pearson. 雙葉書局進口。

Chen Xusheng, International Finance Theory and Evidence, Shuangye Bookstore, 2021, 1st edition. Shuangye Bookstore
Copeland, L. (2014), Exchange Rate and International Finance, 6th edition, Pearson. Imported by Futaba Books.