Title type
Book

International Finance: Theory and Policy, Global Edition (11e)

By Paul R. Krugman, Maurice Obstfeld, Marc Melitz
$104.95
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ISBN
9781292238739
Published date
25/01/2018
 
 
 

Description
For courses in International Finance.

A balanced approach to theory and policy applications

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 11th Edition, Global 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 finance courses.

Product details
ISBN
 
9781292238739
Edition
 
11th
Published date
 
25/01/2018
Published by
 
Pearson Higher Ed USA
Pages
 
468
Format
 
Table of contents
  • PART 1: EXCHANGE RATES AND OPEN-ECONOMY MACROECONOMICS
  • 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
  • PART 2: INTERNATIONAL MACROECONOMIC POLICY
  • 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
  • MATHEMATICAL POSTSCRIPTS
  • Postscript to Chapter 9: Risk Aversion and International Portfolio Diversification
Features & benefits
The text’s unified structure 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. This structure enables students to grasp theoretical concepts and then see those same concepts in action, aiding retention and highlighting the relevance of course material. Highlights include:
  • 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.
  • An emphasis on the potential substitutability of international trade and international movements of factors of production, featuring an analysis of international borrowing and lending as intertemporal trade--the exchange of present consumption for future consumption.
Give students learning tools to master course material
  • Learning Goals list 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, including the role of currency swap lines among central banks, and the rapid accumulation of foreign exchange reserves by developing countries.
  • 200+ Captioned diagrams reinforce discussions in the text and help students in reviewing the material.
  • Summary and Key Terms. Each chapter closes with a summary recapping the major points to aid student review of the material.