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Principles of International Finance and Open Economy Macroeconomics: Theories, Applications, and Policies

Autor Cristina Terra
en Limba Engleză Paperback – 24 iun 2015
Principles of International Finance and Open Economy Macroeconomics: Theories, Applications, and Policies presents a macroeconomic framework for understanding and analyzing the global economy from the perspectives of emerging economies and developing countries.
Unlike most macroeconomic textbooks, which typically emphasize issues about developed countries while downplaying issues related to developing countries, this book emphasizes problems in emerging economies, including those in Latin American countries.
It also explains recent developments in international finance that are essential to a thorough understanding of the effects and implications of the recent financial crisis.


  • Concentrates on developing country perspectives on International Finance and the Economy, including those in Latin American countries
  • Provides case studies and publicly available data allowing readers to explore theories and their applications
  • Explains recent developments in international finance that are essential to a thorough understanding of the effects and implications of the recent financial crisis
  • Proposes a unified mathematical model accessible to those with basic mathematical skills
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Specificații

ISBN-13: 9780128022979
ISBN-10: 0128022973
Pagini: 362
Dimensiuni: 191 x 235 x 18 mm
Greutate: 0.75 kg
Editura: ELSEVIER SCIENCE

Public țintă

Upper-division undergraduate and graduate level students working in international macroeconomics.

Cuprins

1 Introduction: Overview of the Book ContentPART I: Definitions2 How to Measure International Transactions3 Foreign Exchange Market
PART II: Current Account and Real Exchange Rate4 What is the Optimal Level of the Current Account?5 Equilibrium Real Exchange Rate
PART III: Determination of the Nominal Exchange Rate6 Money and Exchange Rate in the Long Run7 Macroeconomic Policies and Exchange Rates in the Short Run8 Portfolio Diversification and Capital Flows
PART IV: Crises and Exchange Rate Policy9 Currency Crises10 Exchange Rate Regimes11 Political Economy of Exchange Rate Policy

Recenzii

"Cristina Terra’s superb intermediate international macroeconomics textbook fills an important void by providing analysis that is more mathematically rigorous than standard mass market texts, yet remains quite accessible to both advanced undergraduates and first year graduate students. The book is also different in its focus on emerging market policy issues, though the financial crisis has shown that advanced economy practitioners would do well to learn these lessons also. Another very appealing aspect of the book is that a great deal of the material is encompassed within a unified analytical framework, helping students to see links between issues. A very useful addition to the market, especially for juniors and seniors that are really too advanced for standard intermediate international macro books." --Kenneth Rogoff, Harvard University
"The world of international finance has been since 2007 one of the most interesting and complex ever known. Developing countries are emerging, developed economies are facing serious fiscal and demographic challenges, the international monetary system is chaotic, balance of payments imbalances abound, exchange rates fluctuate, and challenges only increase. Cristina Terra's book comes at a good time, putting these issues in order clearly and didactically. Covering basic concepts and relevant models in a clear and in a well-illustrated way, this book will serve as an essential reference for academics and practitioners." --Arminio Fraga Neto, Gávea Investimentos, Brazil
"An inspiring textbook on international macroeconomics, developed with lucid economic intuition and illustrated with up-to-date issues in global economy." --Ou Hu, Youngstown State University