International Monetary and Financial Economics

by Daniels, Joseph P.; VanHoose, David D.

• ISBN13: 9780324063622
• ISBN10: 0324063628
• Format: Hardcover
• Copyright: 2001-07-09
• Publisher: South-Western College Pub

Summary

This text covers the full range of topics in international money and finance, giving solid attention to 3 key areas - international finance, open-economy macroeconomics, and international money and banking. It consistently connects theory to real-world policy and business applications (and strikes a balance between business relevance and policy relevance), demonstrating to students the contemporary applications that can be explored, and that international monetary and financial economics is a dynamic and interesting subject area that has become of great importance for international affairs and business.

Table of Contents

Unit One: International Payments and Exchange	1	(97)
Keeping Up with a Changing World---Trade Flows, Capital Flows, and the Balance of Payments	3	(30)
The Market for Foreign Exchange	33	(36)
Exchange-Rate Systems, Past to Present	69	(28)
Unit Two: International Financial Instruments, Markets, and Institutions	97	(148)
The Forward Currency Market and International Financial Arbitrage	99	(28)
Interest Yields, Interest-Rate Risk, and Derivative Securities	127	(44)
A Single World Marketplace---International Financial Market Integration	171	(23)
International Banking and the Role of Central Banks	194	(51)
Unit Three: Exchange-Rate and Balance-of-Payments Determination	245	(62)
Traditional Approaches to Balance-of-Payments and Exchange-Rate Determination	247	(26)
Monetary and Portfolio Approaches to Balance-of-Payments and Exchange-Rate Determination	273	(34)
Unit Four: Open Economy Macroeconomics and Policy Analysis	307	(172)
An Open Economy Framework	309	(45)
Economic Policy with Fixed Exchange Rates	354	(42)
Economic Policy with Floating Exchange Rates	396	(33)
The Price Level, Real Output, and Economic Policymaking	429	(50)
Unit Five: Multinational Policymaking and the International Financial Architecture	479	(2)
Policy Coordination, Monetary Union, and Target Zones	481	(38)
Financial Crises, Multinational Policymaking, and the International Financial Architecture	519