An introduction to international macroeconomics : theory, policy and applications
Author(s)
Bibliographic Information
An introduction to international macroeconomics : theory, policy and applications
Palgrave MacMillan, 2007
3rd ed
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Note
Formerly edition (2nd ed) published 1987
Includes bibliographical references and index
Description and Table of Contents
Description
The main purpose of this book is to show the relevance of international macroeconomics to understanding the world economy. It provides a succinct summary of open economy macroeconomics from a theoretical perspective and analyzes policy covering the balance of payments, exchange rates, capital flows and the co-ordination of macroeconomic policy.
Table of Contents
Introduction.- PART ONE: THEORY.- An Open Economy Macroeconomic Model.- Trade Functions and Capital Movements.- Balance of Payments Theory.- Theories of Exchange Rate Determination.- Theories of Currency Crisis.- PART TWO: POLICY.- Balance of Payments Policy.- Stabilisation Policy in an Open Economy.- Exchange Rate Management and Policy.- Dealing with International Capital Volatility.- The International Co-ordination of Macroeconomic Policy.- PART THREE: APPLICATIONS.- The Oil Crisis of the 1970s and the Debt Crisis of the 1980s.- Monetary Integration in Europe: the UK and the Euro.- Currency and Economic Crises in Emerging Economies.- The US Current Account Deficit and Global Economic Imbalances.- The International Monetary Fund and Macroeconomic Policy.- Notes.- Index.
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