International Finance: Theory and Policy, 10/e
International Finance: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the discipline. An intuitive introduction to international finance theory is followed by detailed coverage of policy applications. With this new tenth edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International
Table of Content
1. Introduction
2. National Income Accounting and the Balance of Payments
3. Exchange Rates and the Foreign Exchange Market: An Asset Approach
4. Money, Interest Rates, and Exchange Rates
5. Price Levels and the Exchange Rate in the Long Run
6. Output and the Exchange Rate in the Short Run
7. Fixed Exchange Rates and Foreign Exchange Intervention
8. International Monetary Systems: An Historical Overview
9. Financial Globalization: Opportunity and Crisis
10. Optimum Currency Areas and the Euro
11. Developing Countries: Growth, Crisis, and Reform
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Salient Features
• The text presents a balance of theoretical and practical coverage of international finance.
• Chapters on core theory are followed by a series of application chapters that confront policy questions using the newest empirical work, data, and policy debates.
• A unified model of open-economy macroeconomics that provides students with a cohesive approach to the theory, based on an asset-market approach to exchange rate determination with expectations in a central role.
• A discussion of the international monetary experience that stresses the idea that different exchange rate systems lead to different policy coordination problems.
• Chapter-opening Learning Goals list the essential concepts so students understand what they need to take away from each chapter.
• Case Studies illustrate theory using real-world applications and provide important historical context.
• Special Boxes offer vivid illustrations of points made in the text.
• End-of-chapter Problems, many of which cite real data or policies, allow students to practice what they're learning.
• Provide the most updated coverage
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