International Finance and Open Economy Macroeconomics (Monographs of the Physiological)

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9780024005816: International Finance and Open Economy Macroeconomics (Monographs of the Physiological)

Integrating modern international finance and open economy macroeconomics, this text provides students with a thorough treatment of international finance and economics. It presents the concepts that are shaping international economic policy today. Topics covered include: deregulation and internationalization of banking and finance in the 1980s and 1990s, the economics of European integration, and exchange rate regimes in developing countries. Instruments in international finance and banking including currency futures, options, swaps and Eurobonds are examined, and developments in open economy macroeconomics such as a dioscussion of rational expectations, "hysterisis" and the J-curve behaviour of the trade balance are also included.

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