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Elements of International Economics - Giancarlo Gandolfo

Elements of International Economics


Published: 17th May 2004
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Modern economies become more and more open and the external sector of an economy becomes more and more important. This textbook aims at clarify­ ing how an open economy functions, in particular at explaining the determi­ nants of international fiows of commodities and financial assets. It also aims at examining the effects of these fiows on the domestic and international econ­ omy and the possible policy acti.ons at the national and international level. Particular attention will be paid to the problems of international economic at both the commercial and monetary level. integration Students will be able to read and interpret the balance of payments of a country, evaluating the various types of balance, to explain the behaviour of commercial fiows in the light of the theories studied, to analyze fiows of financial assets according to interest-rate differentials and other elements, to study the forces that determine exchange rates and cause currency crises, to understand the reasons behind international economic integration such as the European Union, to evaluate the effects of national and international policies.

From the reviews:

"This book details how an open economy functions. ... Particular attention is paid to the problems of international economic integration at both the commercial and monetary level. This highly accessible textbook introduces students to the subject as well as equips them for further study. Advanced undergraduates and graduates will learn to read and interpret the balance of payments of a country ... ." (RKW-Bucherdienst Ratinalisierungskuratorium und Innovationszentrum der Deutschen Wirtschaft, 2004)

Introductionp. 1
The foreign exchange marketp. 9
Exchange-rate regimes and the international monetary systemp. 31
International interest-rate parity conditionsp. 49
The balance of paymentsp. 57
The basic models : elasticities, multiplier, Mundell-Flemingp. 73
The monetary and portfolio approachesp. 101
Capital movements, speculation, and currency crisesp. 113
Exchange-rate determinationp. 125
The intertemporal approach to the balance of paymentsp. 145
International monetary integration and European Monetary Unionp. 155
Problems of the international monetary systemp. 185
The orthodox theory : comparative cost, factor endowments, demandp. 207
Tariffs, and non-tariff barriersp. 237
Free trade vs. protection, and preferential trade cooperationp. 253
The new protectionismp. 267
The new theories of international tradep. 283
Growth, trade, globalizationp. 309
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9783540211334
ISBN-10: 3540211330
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 344
Published: 17th May 2004
Publisher: Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
Country of Publication: DE
Dimensions (cm): 23.5 x 15.5  x 2.54
Weight (kg): 1.51