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International Monetary Economics(1st Edition)
Authors:
Bennett T Mccallum
Cover Type:Hardcover
Condition:Used
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ISBN: 0195094948, 978-0195094947
Book publisher: Oxford University Press
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Book Summary: International Monetary Economics Presents A Brief Introduction To The Major Topics Of The Subject Area Together With An Analytical Framework That Is Designed To Facilitate A Better Understanding Of International Monetary Economics. The Text Concentrates On Concepts And Relationships Involving Exchange Rates And Balance-of-payments Magnitudes; The Construction And Manipulation Of A Small But Versatile Model Of Exchange Rate And Balance-of-payments Behavior; And The Description Of Current And Prospective Arrangements For Multicountry Cooperation In Europe And Elsewhere. These Broad Topics Are Arranged In Three Main Parts. In Part I The Author Presents Basic Concepts And A Historical Perspective On The US And Global Economy, With Emphasis On The Evolution Of International Monetary Institutions Since 1800. Part II Introduces The Basic Analytical Model -- Usable With Fixed And Floating Exchange Rates, In Which Capital Mobility Is Complete, Real Exchange Rates Are Variable, And Investment Spending Is Endogenous. In Addition, There Is A Relatively Long Chapter Devoted To Dynamic Analysis With Rational Expectations. And Finally, Part III Contains Three Chapters On Policy, Including A Full Chapter On The European Monetary System, Making This Text Ideal For Both Economic And Finance Courses That Specifically Focus On International Economics.
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