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This second edition textbook shows how macroeconomic models for industrial countries may be applied to emerging and developing economies.

Financial crises are dramatic events. When they emerge, they tend to dominate the attention of the press and become the focus of policymakers. In one form or another, they have affected the lives of millions of people throughout the world. As references to 16^th century Dutch tulips, 18^th South Seas merchant ventures, or 1920s Florida real estate make clear, they have been around for a long time. At their worst, such as in the cases of the Great Depression or the current Great Recession, their effects have been felt worldwide, with the number of people affected counted...

Financial crises are dramatic events. When they emerge, they tend to dominate the attention of the press and become the focus of policymakers. In one form or another, they have affected the lives of millions of people throughout the world. As references to 16^th century Dutch tulips, 18^th South Seas merchant ventures, or 1920s Florida real estate make clear, they have been around for a long time. At their worst, such as in the cases of the Great Depression or the current Great Recession, their effects have been felt worldwide, with the number of people affected counted...

International Macroeconomics provides students with an analytically rigorous introduction to the impact of globalization on macroeconomics.

* Presents an analytically rigorous introduction to the field and uniquely includes optional econometric studies
* Provides a unified macroeconomic model to examine rigorously international macroeconomics and then focuses this model on historic cases, institutions, and specific countries, dealing with various types of macroeconomic crises
* Provides a strong policy orientation by an author who worked for many years at the IMF
*...