Up-to-date surveys of all major research areas in international
trade and international finance are presented in this volume. The
chapters have a high standard of exposition, delivering ideas at
the forefront of the field in a clear readable fashion. The volume
has a good overall balance of theoretical and empirical coverage.
The trade side of the volume surveys theoretical work on trade
based on scale economics and imperfect competition, the
relationship between trade and technological progress, strategic
trade policy, the political economy of trade policy, and the rules
and institutions of international trade, as well as empirical work
on trade patterns, trade policies, and regional integration. The
finance side covers topics such as exchange rates, purchasing power
parity, the current account, the international transmission of
business cycles, foreign ending, international capital markets,
target zones and speculative attacks on fixed exchange rates, and
international economic policy coordination.
For students and researchers interested in understanding
developments in modern international economics, this book is an
essential reference.
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