This important new book builds upon the seminal work by Obsfeld and Rogoff, Foundations of International Macroeconomics and aims at providing a coherent and modern framework for thinking about exchange rate dynamics. With a wide range of contributions, this book is likely to be welcomed by the macroeconomics and financial community.

About the Author

Jean-Olivier Hairault is Professor of Economics at the University of Paris 1, Panth�on-Sorbonne, France. Thepthida Sopraseuth is Assistant Professor at the University of �vry Val d'Essonne, France.

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