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Full 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.
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.



