This text covers the full range of topics in international money and finance, giving solid attention to 3 key areas - international finance, open-economy macroeconomics, and international money and banking. It consistently connects theory to real-world policy and business applications (and strikes a balance between business relevance and policy relevance), demonstrating to readers the contemporary applications that can be explored, and that international monetary and financial economics is a dynamic and interesting subject area that has become of great importance for international affairs and business.