Principles of International Finance and Open Economy Macroeconomics

Theories, Applications, and Policies

Paperback Engels 2015 9780128022979
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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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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

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          Principles of International Finance and Open Economy Macroeconomics