International Money and Finance / Edition 3

International Money and Finance / Edition 3

by C. Paul Hallwood, Ronald MacDonald
     
 

With the third edition of International Money and Finance, Hallwood and MacDonald continue to provide an invaluable resource for advanced undergraduates and graduates studying monetary economics in an international context. Reflecting monetary, neoclassical, and neoKeynesian research agendas, the book investigates all four dimensions of international money and

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Overview

With the third edition of International Money and Finance, Hallwood and MacDonald continue to provide an invaluable resource for advanced undergraduates and graduates studying monetary economics in an international context. Reflecting monetary, neoclassical, and neoKeynesian research agendas, the book investigates all four dimensions of international money and finance - theory, evidence, policy, and institutions.

In addition to offering new and revised sections to reflect the latest theoretical and empirical research, the third edition includes new chapters on:

  • real shocks and exchange regime volatility.
  • currency crises and speculative attack.
  • exchange rate target zones and 'dirty floating'
  • exchange rates and transition economies.

Product Details

ISBN-13:
9780631204626
Publisher:
Wiley
Publication date:
09/11/2000
Edition description:
REV
Pages:
566
Product dimensions:
6.80(w) x 9.80(h) x 1.20(d)
Age Range:
18 Years

Related Subjects

Table of Contents

List of Figures
List of Tables
Preface
1Introduction1
2Some Basic Concepts in International Finance10
3Spot and Forward Exchange Rates: Some More Basic Ideas24
4Income and the Balance of Payments44
5Macroeconomics in an Open Economy: The Mundell-Fleming Model and Some Extensions67
6International Policy Coordination94
7Purchasing Power Parity: Theory and Evidence122
8The Monetary Approach to the Balance of Payments155
9The Monetary View of Exchange Rate Determination176
10The Monetary Model: Further Applications - Real Shocks and Exchange Regime Volatility212
11The Portfolio Balance Approach to the Determination of the Exchange Rate226
12Spot and Forward Exchange Rates and the Efficient Markets Hypothesis249
13Expectational Explanations for the Rejection of the Efficient Markets Hypothesis and the "News"277
14Currency Crises and Speculative Attacks303
15Exchange Rate Target Zones and "Dirty Floating"321
16The International Gold Standard: Theory and Experience336
17The Dollar Standard Today and During the Bretton Woods Era353
18Monetary Unions371
19International Capital Flows388
20Developing Countries, Balance of Payments Adjustment, and the International Monetary Fund409
21The Order of Liberalization in Developing Countries430
22Exchange Rates and Transition Economies443
23International Debt456
24International Monetary Reform472
Bibliography490
Author Index530
Subject Index538

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