An Introduction to International Macroeconomics: A Primer on Theory, Policy and Applications

ISBN-13: 9781403940049 / Angielski / Miękka / 2007 / 240 str.

Graham Bird

Opis

This updated edition of Graham Bird's introductory text on international macroeconomics is concerned with monetary, fiscal, and exchange rate issues and policy as they affect individual countries in the global economy, rather than with issues of comparative advantage and international trade. As such, it is something of a hybrid between macroeconomics and international economics. The text acts as a brief and accessible guide to the key issues in international macroeconomics. This new edition is fully updated to reflect recent events exemplifying key themes in the subject. These include: the ups and downs of the US dollar in the 1990s and the US's balance of payment problems, the East Asia crisis of the late 1990s, and the establishment and development of the Euro.

Spis treści

Introduction.- PART ONE: THEORY.- An Open Economy Macroeconomic Model.- Trade Functions and Capital Movements.- Balance of Payments Theory.- Theories of Exchange Rate Determination.- Theories of Currency Crisis.- PART TWO: POLICY.- Balance of Payments Policy.- Stabilisation Policy in an Open Economy.- Exchange Rate Management and Policy.- Dealing with International Capital Volatility.- The International Co-ordination of Macroeconomic Policy.- PART THREE: APPLICATIONS.- The Oil Crisis of the 1970s and the Debt Crisis of the 1980s.- Monetary Integration in Europe: the UK and the Euro.- Currency and Economic Crises in Emerging Economies.- The US Current Account Deficit and Global Economic Imbalances.- The International Monetary Fund and Macroeconomic Policy.- Notes.- Index.

O autorze

GRAHAM BIRD is Professor of Economics at the University of Surrey, UK, and Director of the Surrey Centre for International Economic Studies. He is Visiting Professor of International Economic Affairs at the Fletcher School of Law and Diplomacy, Tufts University, USA. He has been an adviser to a number of international organizations including the World Bank, UNDP and UNICEF. He is the author or editor of more than twenty books and monographs and over 150 papers.