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.
by "Nielsen BookData"