The International EconomyCambridge University Press, 13 ene 2000 This text is a rigorous introduction to international economics for upper-level undergraduates and above. The first half examines the causes and effects of international trade, how tariffs and other trade policies affect the gains from trade, and the ways in which governments try collectively to regulate those policies. The second half deals with monetary matters - the behavior of exchange rates, how trade and capital flows affect the functioning of monetary and fiscal policies, the causes and management of currency crises, and the new European Monetary Union (EMU). This fourth edition assesses the outcome of the Uruguay Round of trade negotiations, the work of the new World Trade Organization (WTO), and the challenges posed by regional trade blocs. It surveys recent theoretical work on currency crisis, examines recent crises in emerging-market countries and the role of the International Monetary Fund (IMF), and appraises innovations in exchange-rate arrangements, including the EMU and the use of currency boards by emerging-market countries. A problem set follows each chapter. |
Índice
| 17 | |
INTERNATIONAL MONETARY THEORY AND POLICY | 273 |
Appendix A Mathematical Notes on Trade Theory and Policy
| 541 |
Appendix B Mathematical Notes on Monetary Theory and Policy
| 553 |
Appendix C Outlines of Answers to Selected Problems
| 564 |
List of Abbreviations | 588 |
| 591 | |
Términos y frases comunes
American balance of payments balance-of-payments Bretton Woods system Britain British camera capital formation capital mobility central bank Chapter cloth industry consumers costs country’s current-account balance current-account deficit demand curve depreciation devaluation developing countries dollar domestic currency economy effects equal European exchange-rate expenditure exports factors of production fall Fewmen Figure firms fiscal policy flexible exchange rate foreign bond foreign currency foreign-exchange market gains from trade Heckscher–Ohlin model imports increase indifference curve interest rate internal balance International Monetary Fund investment investors Japan Manymen marginal product measured monetary policy money supply offer curve pegged exchange rate percent Portugal Portuguese price of cloth price of corn price of labor quantity raises the real real return real wage reduces relative price reserves return to capital Ricardian model rises shift slope steel subsidies supply curve surplus tariff terms of trade transformation curve United wealth welfare wine industry workers zz curve