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Handbook of International Economics, Volume 2 - International Monetary Economics and Finance (Hardcover)
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Handbook of International Economics, Volume 2 - International Monetary Economics and Finance (Hardcover)
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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 economic 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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