Suchergebnisse

This book details how an open economy functions. It explores the determinants of international flows of commodities and financial assets as well as examines the effects of these flows on the domestic and international economy and the possible policy actions at the national and international level. Particular attention is paid to the problems of international economic integration at both the commercial and monetary level. This highly accessible textbook introduces students to the subject as well as equips them for further study. Advanced undergraduates and graduates will learn to read and interpret the balance of payments of a country, explain the behavior of commercial flows, analyze flows of financial assets according to interest-rate differentials and other elements, evaluate the effects of national and international policies, study the forces that determine exchange rates and cause currency crises, and to understand the reasons behind international economic integration, such as the European Union

Elements of International Economics -- Copyright -- Preface -- Contents -- Chapter 1 Introduction -- Part I The Basics -- Chapter 2 The Foreign Exchange Market -- Chapter 3 Exchange-Rate Regimes and the International Monetary System -- Chapter 4 International Interest-Rate Parity Conditions -- Chapter 5 The Balance of Payments -- Part II International Finance and Open-Economy Macroeconomics -- Chapter 6 The Basic Models: Elasticities, Multiplier, Mundell-Fleming -- Chapter 7 The Monetary and Portfolio Approaches -- Chapter 8 Capital Movements, Speculation, and Currency Crises -- Chapter 9 Exchange-Rate Determination -- Chapter 10 The Intertemporal Approach to the Balance of Payments -- Chapter 11 International Monetary Integration and European Monetary Union -- Chapter 12 Problems of the International Monetary System -- Part III International Trade Theory and Policy -- Chapter 13 The Orthodox Theory: Comparative Cost, Factor Endowments, Demand -- Chapter 14 Tariffs, and Non-Tariff Barriers -- Chapter 15 Free Trade vs Protection, and Preferential Trade Cooperation -- Chapter 16 The new Protectionism -- Chapter 17 The new Theories of International Trade -- Chapter 18 Growth, Trade, Globalization -- Index -- List of Figures -- List of Tables -- List of Boxes.

Lit.

This textbook deals with all aspects of the pure theory of international trade. It is organized as two-books-in-one by ingeniously distributing the material between text (verbal and graphic treatment) and appendices (mathematical treat- ment), so that the material can be used in both undergradu- ate and graduate courses. The second volume deals with all aspects of international monetary theory and open-economy macroeconomics

10 The foreign exchange market -- 11 Balance of payments and national accounts -- 12 The role of the exchange rate in the adjustment process in a partial equilibrium framework -- 13 The role of income changes in the adjustment process -- 14 The absorption approach and interactions between exchange rate and income in the adjustment process -- 15 Money and other assets in the adjustment process under fixed exchange rates -- 16 Money and other assets in the adjustment process under flexible exchange rates -- 17 International capital movements and other problems -- 18 Fixed versus flexible exchange rates -- 19 International liquidity and international financial markets -- 20 The problem of integration between the pure theory of international trade and international monetary economics -- Name Index.

1 Introduction -- 2 The classical (Ricardo-Torrens) theory of comparative costs -- 3 The neoclassical theory of international trade -- 4 The Heckscher-Ohlin model -- 5 Tariffs, protection, economic integration -- 6 International trade and economic growth -- 7 Some refinements of the orthodox theory -- 8 The "new" theories of international trade -- 9 Neo-Ricardian theories of international trade -- 10 The foreign exchange market -- 11 Balance of payments and national accounts -- 12 The role of the exchange rate in the adjustment process in a partial equilibrium framework -- 13 The role of income changes in the adjustment process -- 14 The absorption approach and interactions between exchange rate and income in the adjustment process -- 15 Money and other assets in the adjustment process under fixed exchange rates -- 16 Money and other assets in the adjustment process under flexible exchange rates -- 17 International capital movements and other problems -- 18 Fixed versus flexible exchange rates -- 19 International liquidity and international financial markets -- 20 The problem of integration between the pure theory of international trade and international monetary economics -- Name Index of Book I and Book II -- Subject Index of Book I and Book II.