This book provides new ways of analyzing the key issues in international finance and open economy macroeconomics. The topics covered include: financial globalization and the evolution of the international financial system; international macroeconomic accounting and measurement; early balance of payments approaches; the intertemporal model of international borrowing and lending; the significance of external deficits; the determinants of interest rate differentials and exchange rates; the effectiveness of monetary and fiscal policies; capital mobility and economic growth; and the causes of financial crisis in emerging economies.
List of Tables
List of Figures
Evolution of the International Financial System
Accounting and Measurement Issues
Early Balance of Payments Models
Intertemporal Trade, Capital Mobility and Interest Rates
Financial Flows, Interest Rates and Exchange Rates
Macroeconomic Policy in the Open Economy
Money, Expenditure and External Adjustment
Foreign Capital and Economic Growth
Financial Globalization and Emerging Market Crisis
A.J. MAKIN is Reader in Economics at the University of Queensland. He has authored numerous articles on international monetary economics and public policy for academic journals.
Printing of the book is limited to 10 pages per day.