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.
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Table of Contents
1 Introduction: Overview of the Book Content PART I: Definitions 2 How to Measure International Transactions 3 Foreign Exchange MarketPART II: Current Account and Real Exchange Rate 4 What is the Optimal Level of the Current Account? 5 Equilibrium Real Exchange Rate
PART III: Determination of the Nominal Exchange Rate 6 Money and Exchange Rate in the Long Run 7 Macroeconomic Policies and Exchange Rates in the Short Run 8 Portfolio Diversification and Capital Flows
PART IV: Crises and Exchange Rate Policy 9 Currency Crises 10 Exchange Rate Regimes 11 Political Economy of Exchange Rate Policy