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2017•Unpublished venueRequires access

International Finance : Theory and Policy

Paúl Krugman, Maurice Obstfeld, Marc J. Melitz

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Abstract

Introduction 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 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

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Introduction 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 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

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Available abstract

Introduction 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 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

Key concepts: Balance of payments, Exchange rate, Foreign exchange market, Economics, International finance, Interest rate parity, Monetary economics, Sterilization (economics)

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