This text 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.
General
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