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Handbook of International Economics, Volume 1 - International Trade (Paperback, New edition)
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Handbook of International Economics, Volume 1 - International Trade (Paperback, New edition)
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This Handbook adopts a traditional definition of the subject, and
focuses primarily on the explanation of international transactions
in goods, services, and assets, and on the main domestic effects of
those transactions. The first volume deals with the "real side" of
international economics. It is concerned with the explanation of
trade and factor flows, with their main effects on goods and factor
prices, on the allocation of resources and income distribution and
on economic welfare, and also with the effects on national policies
designed explicitly to influence trade and factor flows. In other
words, it deals chiefly with microeconomic issues and methods. The
second volume deals with the "monetary side" of the subject. It is
concerned with the balance of payments adjustment process under
fixed exchange rates, with exchange rate determination under
flexible exchange rates, and with the domestic ramifications of
these phenomena. Accordingly, it deals mainly with macroeconomic
issues, although microeconomic methods are frequently utilized,
especially in work on expectations, asset markets, and exchange
rate behavior. For more information on the Handbooks in Economics
series, please see our home page on http:
//www.elsevier.nl/locate/hes
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