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International Economics : Theory and Policy

by ;
Edition:
5th
ISBN13:

9780321033871

ISBN10:
0321033876
Format:
Hardcover
Pub. Date:
10/1/1999
Publisher(s):
Addison-Wesley
List Price: $110.00

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This is the 5th edition with a publication date of 10/1/1999.
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Summary

International Economics, the best-selling textbook in the field, is written by two of the world's preeminent economists. Both the real trade portion of the book and the monetary portion are divided into a core of chapters focused on theory, followed by chapters applying the theory major policy questions, past and current. International Economics presents an integrated treatment of Ricardian, specific factors, factor endowments, and imperfect competition models of trade, along with in-depth analysis of empirical evidence. It covers the effects and causes of trade policy, including strategic trade policy, focusing on the income-distribution effects of trade. The book provides a unified model of open-economy macroeconomics based on an asset-market approach to exchange rate determination with a central role for expectations. The new edition contains updated coverage of the euro and of the causes and likely effects of economic and monetary union (EMU) in Europe. It also features an up-to-date treatment of developing countries' experiences in an all-new Chapter 22. The chapter focuses on long-run income convergence, disinflation and exchange rate regimes, recent crises in Latin America, Russia, and Asia, and reform of the international financial architecture.

Author Biography

Paul R. Krugman is the Ford International Professor of Economics at the Massachusetts Institute of Technology. Maurice Obstfeld is the Class of 1958 Professor of Economics at the University of California, Berkeley.

Table of Contents

Contents vii
Preface xxiii
Introduction
1(8)
Part I International Trade Theory 9(176)
Labor Productivity and Comparative Advantage: The Ricardian Model
11(26)
Specific Factors and Income Distribution
37(29)
Resources and Trade: The Heckscher-Ohlin Model
66(26)
The Standard Trade Model
92(27)
Economies of Scale, Imperfect Competition, and International Trade
119(40)
International Factor Movements
159(26)
Part II International Trade Policy 185(112)
The Instruments of Trade Policy
187(31)
The Political Economy of Trade Policy
218(36)
Trade Policy in Developing Countries
254(21)
Strategic Trade Policies in Advanced Countries
275(22)
Part III Exchange Rates and Open-Economy Macroeconomics 297(234)
National Income Accounting and the Balance of Payments
299(30)
Exchange Rates and the Foreign Exchange Market: An Asset Approach
329(34)
Money, Interest Rates, and Exchange Rates
363(31)
Price Levels and the Exchange Rate in the Long Run
394(43)
Output and the Exchange Rate in the Short Run
437(48)
Fixed Exchange Rates and Foreign Exchange Intervention
485(46)
Part IV International Macroeconomic Policy 531(190)
The International Monetary System, 1870-1973
533(35)
Macroeconomic Policy and Coordination under Floating Exchange Rates
568(40)
Optimum Currency Areas and the European Experience
608(33)
The Global Capital Market: Performance and Policy Problems
641(37)
Developing Countries: Growth, Crisis, and Reform
678(43)
Mathematical Postscripts 721(2)
Postscript to Chapter 3: The Specific Factors Model
723(6)
Postscript to Chapter 4: The Factor Proportions Model
729(3)
Postscript to Chapter 5: The Trading World Economy
732(9)
Postscript to Chapter 6: The Monopolistic Competition Model
741(2)
Postscript to Chapter 21: Risk-Aversion and International Portfolio Diversification
743
Index I-1


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