Buch, Englisch, 280 Seiten, Format (B × H): 163 mm x 241 mm, Gewicht: 503 g
Buch, Englisch, 280 Seiten, Format (B × H): 163 mm x 241 mm, Gewicht: 503 g
ISBN: 978-0-19-509494-7
Verlag: OXFORD UNIV PR
It focuses clearly and simply on the underlying economics of exchange rate dtermination and balance of payments. In Part I the author presents basic concepts within historical perspectives of the US and Global Economy. Part II intriduces a basic analytical model - usable with fixed and floating exchange rates, in which capital mobility is complete, real exchange rates are variable, and investment spending is endogenous. Variants of the model are used for short and long-run comparative static analysis. In addition, there is a relatively long chapter devoted to dynamic analysis with rational expectations. Part III contains three chapters on policy, including a full chapter on the European Moneatry System.
This is an introduction to the major topics in international monetary economics. The subject has become of increasing importance as world trade has grown and regional economic blocs, like the European Monetary System, have emerged. The book will concentrate on the concepts and relationships involving exchange rates and balance of payment magnitudes, the construction and manipulation of exchange rates, and a description of multi-country co-operation arrangements.
