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

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 Content: Front-matter, Pages i,iii Copyright, Page iv Foreword, Page ix Preface, Page xi Acknowledgments, Page xiii 1 - Introduction, Pages 1-5 Part I. Definitions, Page 7 2 - How to Measure International Transactions, Pages 9-30 3 - The Foreign Exchange Market, Pages 31-59 Part II. Current Account and Real Exchange Rate, Page 61 4 - What Is the Optimum Current-Account Level?, Pages 63-102 5 - The Equilibrium Real Exchange Rate, Pages 103-143 Part III. Determination of the Nominal Exchange Rate, Pages 145-146 6 - Money and Exchange Rate in the Long Run, Pages 147-167 7 - Macroeconomic Policies and Exchange Rate in the Short Run, Pages 169-194 8 - Portfolio Diversification and Capital Flows, Pages 195-226 Part IV. Crises and Exchange Rate Policy, Page 227 9 - Currency Crises, Pages 229-263 10 - Exchange Rate Regimes, Pages 265-295 11 - Political Economy of Exchange Rate Policy, Pages 297-329 Annexes, Pages 333-335 References, Pages 337-340 Index, Pages 341-348 La 4e de couverture indique : ""Principles of International Finance and Open Economy Macroeconomics" 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, such as those in Latin American countries. It also explains recent developments in international finance that are essential to understand effects and implications of the recent financial crisis, not present in other textbooks. Explanations are made step-by-step, focusing on economic intuition. More complicated mathematical passages are developed in appendices at the end of the chapter." "Principles of International Finance and Open Economy Macroeconomics 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, such as those in Latin American countries. It also explains recent developments in international finance that are essential to understand effects and implications of the recent financial crisis, not present in other textbooks. Explanations are made step-by-step, focusing on economic intuition. More complicated mathematical passages are developed in appendices at the end of the chapter"--Back cover __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. 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.