Principles Of International Finance And Open Economy Macroeconomics

Book Description :

Principles of International Finance and Open Economy Macroeconomics: Theories, Applications, and Policies presents a macroeconomic framework for understanding and analyzing the global economy from the perspectives of emerging economies and developing countries. Unlike most macroeconomic textbooks, which typically emphasize issues about developed countries while downplaying issues related to developing countries, this book emphasizes problems in emerging economies, including those in Latin American countries. It also explains recent developments in international finance that are essential to a thorough understanding of the effects and implications of the recent financial crisis. Concentrates on developing country perspectives on International Finance and the Economy, including those in Latin American countries Provides case studies and publicly available data allowing readers to explore theories and their applications Explains recent developments in international finance that are essential to a thorough understanding of the effects and implications of the recent financial crisis Proposes a unified mathematical model accessible to those with basic mathematical skills

Book Description :

"This book deals with the financial side of international economics and covers all aspects of international finance. There are many books and articles by exponents of alternative points of view. I know of no other book that provides the scope, balance, objectivity and rigor of the book." (Professor Jerome L. Stein, Brown University) From the reviews: "In this survey of international finance and open-economy macroeconomics, Gandolfo succeeds in meeting the needs of advanced undergraduate or lower-level graduate students through a largely textual and graphical approach, while at the same time presenting in the appendices explicit mathematical analyses for more advanced graduate students." (Journal of Banking & Finance 2004)

Book Description :

The integration of market economies is one of the most remarkable features of international economics, which has important implications for macroeconomic performance in open economies. Equally important is the declining relevance of the real versus the monetary theory dichotomy. These papers focus on those aspects of monetary policy which relate to credibility and non-neutrality; the domestic adjustment to foreign shocks; the interdependence of open economies and their strategic interactions. An important section is also devoted to the innovative modelling of exchange rate dynamics.

Book Description :

Recently, the world economy has witnessed some turbulence and instability, both of which have raised concerns and added threats to the global economy. For example, climate change, trade war, regional political tension, Brexit, and the very recent Coronavirus epidemic have hit several countries across all continents at an astonishing rate and are among some of the factors that have increased uncertainty. We have also noticed a surge in technological innovations and their implications in the banking and financial sectors. Today, we talk about blockchain, fintech, insurtech, regtech, and big tech, which have changed the business model of banks, financial institutions, and also the management model for firms and public administration. To get better insight into all these trends, economists have used the finance and macroeconomic theory to analyze the micro- and macroeconomic consequences of all these events and to study their impacts on economic and financial sector stability, as well as economic development and growth. In this Special Issue, Economies is inviting researchers and academicians to submit their work to a Special Issue dedicated to "The Theory Applications of Finance and Macroeconomics". Some of the topics that contribute to the Issue might address issues of trade tension, climate change, blockchain and cryptocurrencies, financial liberalization, macroeconomic issues, principles of international finance, and open economy macroeconomics.

Book Description :

This rigorous textbook tames technicalities and makes even the most complex models accessible to students. Its unique two-tier structure makes the book attractive for undergraduates, graduates and researchers alike. In fact, the coverage is primarily directed to undergraduate students and is mainly confined to graphic analysis and to some elementary algebra. Further, each chapter has its own mathematical appendix, in which (i) the topics treated in the text are examined at a level suitable for advanced undergraduates, graduates and researchers, and (ii) generalizations and/or topics not treated in the text (including some at the cutting edge of research) are formally examined. The new edition has been thoroughly revised and updated to reflect the latest research on international finance. This book deals with the financial side of international economics and covers all aspects of international finance. There are many books and articles by exponents of alternative points of view. I know of no other book that provides the scope, balance, objectivity and rigor of this book. the late Professor Jerome L. Stein, Brown University This book is a second edition of a volume on international finance first published in 2001. Like Giancarlo’s other books in International Economics, this book is organised as a two-books-in-one by distributing the material between text and appendices. The text provides coverage suitable for an undergraduate course while the mathematical appendices provide coverage of the topics at the frontier of the discipline and suitable for advanced undergraduate or graduate students in an international finance and international macroeconomics course. This edition updates the earlier volume and covers all the classic topics as well as the more recent advances in the theory and modelling of international finance. It includes some discussion of the empirical testing of these theories and where appropriate reference to the extensive empirical literature is also provided. This book is a valuable addition to the bookshelf of any serious International Finance Scholar and provides a treasure chest of material for any quality international finance course. Professor Pasquale M Sgro, Deakin University Giancarlo Gandolfo is one of the profession's most gifted textbook authors on mathematical modeling and international economics. His revised International Finance and Open-Economy Macroeconomics is remarkable for its scope and clarity. The book covers the older and intertemporal approaches, and topics that are usually left out of graduate treatments (the chapter on balance-of-payments accounting is a gem). Gandolfo's two-tier approach of first developing topics with graphs and basic algebra and then providing rigorous mathematics for each topic makes the book ideal for advanced undergraduate and graduate classes. Professor Michael D. Goldberg, University of New Hampshire

Book Description :

Principles of Macroeconomics is a lucid and concise introduction to the theoretical and practical aspects of macroeconomics. This revised and updated third edition covers key macroeconomic issues such as national income, investment, inflation, balance of payments, monetary and fiscal policies, economic growth and banking system. This book also explains the role of the government in guiding the economy along the path of stable prices, low unemployment, sustainable growth, and planned development through many India-centric examples. Special attention has been given to macroeconomic management in a country linked to the global economy. This reader-friendly book presents a wide coverage of relevant themes, updated statistics, chapter-end exercises, and summary points modelled on the Indian context. It will serve as an indispensable introductory resource for students and teachers of macroeconomics.

Book Description :

The book presents and further develops basic principles and concepts in international finance and open economy macroeconomics to make them more relevant for emerging and developing economies (EDEs). The volume emphasises the necessity of greater knowledge of context as populous Asian economies integrate with world markets, as well as the rapidly changing nature of the area due to rethinking after the global financial crisis. It addresses a host of themes, including key issues such as exchange rate economics, macroeconomic policy in an open economy, analytical frameworks for and experience of EDEs after liberalisation, the international financial system, currency and financial crises, continuing risks and regulatory response. This book will be useful to scholars and researchers of economics, especially in macroeconomics, business and finance and development studies.

Book Description :

Through the years, I have become convinced that the fundamentals of economics, finance, and business can be mastered by anyone of average intelligence, ambition, and diligence. So, as I entered the final phase of my career, I decided to provide a book which would offer the reader the practical knowledge that I wish I'd gained before I became a naval officer, a graduate student, a banker, and a financial manager. I believe that these fifty-five lessons can provide the foundation for: 1) the general business manager who must juggle many responsibilities and relationships, and who hasn't the time for more formal education. He may choose to use the book as a reference. 2) the general student who knows that he must be familiar with business, finance, and economics to be effective in any career, including politics and journalism. 3) the undergraduate who wishes to get the most value from his expensive, upper-division specialty courses in business, economics, or finance, and doesn't feel prepared by the typical introductory courses. (Careful reading of this book over the summer before his junior year could make the difference.) 4) the entering graduate student who needs to fill gaps in his preparation, or review principles, before tackling a challenging program at a top graduate school. 5) the advanced graduate student who needs to review and integrate the basics, before taking his comprehensive examinations. I have written the book in a conversational style and laced it anecdotes, while minimizing technical requirements, so that readers can connect to the ideas and to their practical use. I wish that such a book had been available to me, while I was at sea for many months in the Navy. I would have read it between watches, and I would have been prepared to take better advantage of the wonderful opportunities that I had at Stanford University, at Bankers' Trust, and at Pitzer College. And I would have been more effective, as a community banker and a financial executive. The book has six sections. Each could stand alone as a separate course, and they usually do. However by organizing them into a logical sequence, each section prepares the student for the next, and duplication of material is avoided. Hence, nine lessons are adequate for each subject, and mastery of each subject is possible in ten weeks, instead of fifteen. The sections are: 1. Principles of Business Management (with an international business point of view) 2. Microeconomics (the study of producer and consumer behavior in markets) 3. Finance (financial markets and institutions, and principles of financial management) 4. International Economics (trade, finance, and open economy macroeconomics) 5. Macroeconomics (production, employment, economic growth, and business cycles) 6. Investing (securities markets, securities analysis, and personal financial planning) Because not every reader is interested in all six topics, I am publishing six small volumes as well as the entire work in two volumes. This is the first.

Book Description :

International Finance is an established and internationally renowned introduction to the subject for undergraduate and postgraduate students. It draws on recent events to provide comprehensive coverage of traditional theories and new research relating to the balance of payments, exchange rate determination and the international monetary system. Accompanying online resources for this title can be found at bloomsburyonlineresources.com/international-finance-3e. These resources are designed to support teaching and learning when using this textbook and are available at no extra cost.

Book Description :

International Finance and Open-Economy Macroeconomics provides a complete theoretical, historical, and policy-focused account of the international financial system that covers all of the standard topics, such as foreign exchange markets, balance of payments accounting, macroeconomic policy in an open economy, exchange rate crises, multinational enterprises, and international financial markets. The book uses the 1944 Bretton Woods Conference as a unifying theme to relate the many controversial issue. It is written in a lively manner to bring real world events into the discussion of all of the concepts, topics, and policy issues. There is also emphasis on the history of economic thought in order to explain how economists in different time periods dealt with international financial issues.

Book Description :

A rigorous but practical introduction to the economic, financial, and political principles underlying commodity markets. Commodities have become one of the fastest growing asset classes of the last decade and the object of increasing attention from investors, scholars, and policy makers. Yet existing treatments of the topic are either too theoretical, ignoring practical realities, or largely narrative and nonrigorous. This book bridges the gap, striking a balance between theory and practice. It offers a solid foundation in the economic, financial, and political principles underlying commodities markets. The book, which grows out of courses taught by the author at Columbia and Johns Hopkins, can be used by graduate students in economics, finance, and public policy, or as a conceptual reference for practitioners. After an introduction to basic concepts and a review of the various types of commodities—energy, metals, agricultural products—the book delves into the economic and financial dynamics of commodity markets, with a particular focus on energy. The text covers fundamental demand and supply for resources, the mechanics behind commodity financial markets, and how they motivate investment decisions around both physical and financial portfolio exposure to commodities, and the evolving political and regulatory landscape for commodity markets. Additional special topics include geopolitics, financial regulation, and electricity markets. The book is divided into thematic modules that progress in complexity. Text boxes offer additional, related material, and numerous charts and graphs provide further insight into important concepts.

Book Description :

Applied International Economics, 4th Edition offers a modern and accessible treatment of international economics, shifting the emphasis from pure theory to the application of theory by using some of the key tools of economic analysis. This new edition of the text formerly known as International Economics makes the real-life application of international economics clearer than ever before, and focuses on the basics that students will need in order to analyse information on the world economy throughout their future careers. The new edition has been refocused, revised and thoroughly updated. Key features include: A new chapter on the firm in international trade accompanies a greater focus on firms in the world economy, how trade influences income inequality and how businesses can apply principles of international economics. New or expanded chapter subsections on topics including the intersection of international economics and international business; money, interest rates, and the exchange rate; and the dynamic gains from trade. Replacement and expansion of case studies to bring them fully up to date. Chapters on economic development in both the international trade and finance sections on the book to reflect the increasing importance of low- and middle-income countries in the world economy. A streamlined treatment of Purchasing Power Parity, leading into the concept of the real exchange rate. Expanded treatment of the Eurozone and the Eurozone crisis. Written in a thorough and engaging style, the book covers topics at a level appropriate for students specializing in business or international relations, as well as for economics students. Along with a wealth of case studies and real-life examples, the book offers extensive pedagogy including a companion website, end of chapter summaries, explanations of key concepts and terms, problem sets and additional readings.

Book Description :

This short, concrete, and to-the-point book guides students through this vast field of conflicting opinions. The book begins from the premise that students benefit most from seeing a balanced treatment of all available views. For instance, this book provides coverage of both ad hoc and optimizing models. It also explores divisions such as flexible price versus sticky price models, rationality versus irrationality, and calibration versus statistical inference. By giving consideration to each of these 'mini debates;, this book shows how each approach has its good and bad points.

Book Description :

International Economics, 13th Edition provides students with a comprehensive, up-to-date review of the field’s essential principles and theory. This comprehensive textbook explains the concepts necessary to understand, evaluate, and address the economic problems and issues the nations of the world are currently facing, and are likely to face in the future. Balancing depth and accessibility, the text helps students identify the real-world relevance of the material through extensive practical applications and examples. The new, thoroughly-updated and expanded edition provides students with a solid knowledgebase in international trade theory and policy, balance of payments, foreign exchange markets and exchange rates, open-economy macroeconomics, and the international monetary system. The text uniquely employs the same graphical and numerical model in chapters that cover the same basic concept, allowing students to recognize the relationship among the different topics without having to start with a new example each time. Clear, straightforward discussions of each key concept and theory are complemented by concrete, accessible, and relatable examples that serve to strengthen student comprehension and retention. Topics include the ‘Great Recession,’ the increase in trade protectionism, excessive volatility and large misalignments of exchange rates, and the impacts of resource scarcity and climate change to continued growth and sustainable development.

Book Description :

Gerber's text offers a principles-level introduction to international economics that is accessible to a diverse group of readers. International Economics, Fourth Edition,uses a rich array of case studies to illuminate economic institutions and policies as well as recent developments in the global economy. The book's flexible approach-with self-contained chapters and comprehensive coverage-allows instructors to adapt the book easily to a wide range of syllabi. Without relying on prerequisite knowledge of higher-level math, the text helps readers understand the issues and policies they see in the news. INTRODUCTION AND INSTITUTIONS: The United States in a Global Economy; International Economic Institutions Since World War II. INTERNATIONAL TRADE: Comparative Advantage and the Gains from Comparative Advantage and Factor Endowments; Beyond Comparative Advanta≥ The Theory of Tariffs and Quotas; Commercial Policy; International Trade and Labor and Environmental Standards. INTERNATIONAL FINANCE: Trade and the Balance of Payments; Exchange Rates and Exchange Rate Systems; An Introduction to Open Economy Macroeconomics; International Financial Crises. REGIONAL ISSUES IN THE GLOBAL ECONOMY: Economic Integration in North America; The European Union: Many Markets into O≠Trade and Policy Reform in Latin America; Export-Oriented Growth in East Asia; China and India in the World Economy. For all readers interested in international economics.

Book Description :

Microeconomic Principles and Problems offers a comprehensive introduction to all major perspectives in modern economics, including mainstream and heterodox approaches. Through providing multiple views of markets and how they work, it will leave readers better able to understand and analyse the complex behaviours of consumers, firms, and government officials, as well as the likely impact of a variety of economic events and policies. Most principles of microeconomics textbooks cover only mainstream economics, ignoring rich heterodox ideas. They also lack material on the great economists, including the important ideas of Adam Smith, Karl Marx, Thorstein Veblen, John Maynard Keynes and Friedrich Hayek. Mainstream books neglect the kind of historical analysis that is crucial to understanding trends that help us predict the future. Moreover, they focus on abstract models more than existing economic realities. This engaging book addresses these inadequacies. Including explicit coverage of the major heterodox schools of thought, it allows the reader to choose which ideas they find most compelling in explaining modern economic realities. Written in an engaging style focused on real world examples, this ground-breaking book brings economics to life. It offers the most contemporary and complete package for any pluralistic microeconomics class.

Book Description :

This is the fifth section of a larger work, entitled "Methods & Observations of a Practical Economist." The entire opus is available on Amazon in two volumes. This section covers Macroeconomics. The topics of this small extract include:1) Production and Economic Growth 2) Business Cycles 3) Measuring Growth Domestic Product 4) Production and Employment 5) Consumption and Investment 6) Open Economy Macroeconomics7) Government, Fiscal Policy & the Economics 7) Finance and Monetary Policy 8) Natural Adjustments to Disequilibrium 9) A Short-hand Guide to the US Economy Through the years, I have become convinced that the fundamentals of economics, finance, and business can be mastered by anyone of average intelligence, ambition, and diligence. So, as I entered the final phase of my career, I decided to provide a book which would offer the reader the practical knowledge that I acquired as a naval officer, a graduate student, a banker, a financial manager, and a community college instructor.I have written the book in a conversational style and laced it anecdotes, while minimizing technical requirements, so that readers can connect to the ideas and to their practical use. I wish that such a book had been available to me, at an early age. I would have been prepared to take better advantage of the wonderful opportunities that I have had. And I would have been more effective, as a teacher, community banker and financial executive.The complete book has six sections. Each could stand alone as a separate course, and they usually do. However by organizing them into a logical sequence, each section prepares the student for the next, and duplication of material is avoided. Hence, nine lessons are adequate for each subject, and mastery of each subject is possible in ten weeks, instead of fifteen. The six sections of the complete book are:1. Principles of Business Management (with an international business point of view)2. Microeconomics (the study of producer and consumer behavior in markets)3. Finance (financial markets and institutions, and principles of financial management)4. International Economics (trade, finance, and open economy macroeconomics)5. Macroeconomics (production, employment, economic growth, and business cycles)6. Investing (securities markets, securities analysis, and personal financial planning)But, because not everyone is interested in the entire work, I have published the six sections separately. This is the fifth section of the six. I offer this book, and the others in the series, as my contribution to expanding opportunity for anyone, anywhere to understand, participate, and benefit from our economic system.

Book Description :

This is the fourth section of a larger work, entitled "Methods & Observations of a Practical Economist." The entire opus is available on Amazon in two volumes. This section covers International Economics. The topics of this small extract include:1) Introduction to International Trade and Finance 2) Theories of International Trade3) Trade & Development 4) Instruments of Trade Policy 5) Economic Integration6) Payments Among Nations 7) Foreign Exchange Markets 8) The International Monetary System 9) Managing Foreign Exchange Risk Through the years, I have become convinced that the fundamentals of economics, finance, and business can be mastered by anyone of average intelligence, ambition, and diligence. So, as I entered the final phase of my career, I decided to provide a book which would offer the reader the practical knowledge that I acquired as a naval officer, a graduate student, a banker, a financial manager, and a community college instructor.I have written the book in a conversational style and laced it anecdotes, while minimizing technical requirements, so that readers can connect to the ideas and to their practical use. I wish that such a book had been available to me, at an early age. I would have been prepared to take better advantage of the wonderful opportunities that I have had. And I would have been more effective, as a teacher, community banker and financial executive.The complete book has six sections. Each could stand alone as a separate course, and they usually do. However by organizing them into a logical sequence, each section prepares the student for the next, and duplication of material is avoided. Hence, nine lessons are adequate for each subject, and mastery of each subject is possible in ten weeks, instead of fifteen. The six sections of the complete book are:1. Principles of Business Management (with an international business point of view)2. Microeconomics (the study of producer and consumer behavior in markets)3. Finance (financial markets and institutions, and principles of financial management)4. International Economics (trade, finance, and open economy macroeconomics)5. Macroeconomics (production, employment, economic growth, and business cycles)6. Investing (securities markets, securities analysis, and personal financial planning)But, because not everyone is interested in the entire work, I have published separately the six sections. This is section four of the six. I offer this book, and the others in the series, as my contribution to expanding opportunity for anyone, anywhere to understand, participate, and benefit from our economic system.

Book Description :

Download Principles of Economics book written by Libby Rittenberg,Timothy Tregarthen, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Book Description :

Economic Principles and Problems: A Pluralistic Introduction offers a comprehensive introduction to the major perspectives in modern economics, including mainstream and heterodox approaches. Through providing multiple views of markets and how they work, it leaves readers better able to understand and analyze the complex behaviors of consumers, firms, and government officials, as well as the likely impact of a variety of economic events and policies. Most principles of economics textbooks cover only mainstream economics, ignoring rich heterodox ideas. They also lack material on the great economists, including the important ideas of Adam Smith, Karl Marx, Thorstein Veblen, John Maynard Keynes, and Friedrich Hayek. Mainstream books tend to neglect the kind of historical analysis that is crucial to understanding trends that help us predict the future. Moreover, they focus primarily on abstract models more than existing economic realities. This engaging book addresses these inadequacies. Including explicit coverage of mainstream economics and the major heterodox schools of economic thought—institutionalists, feminists, radical political economists, post-Keynesians, Austrians, and social economists—it allows the reader to choose which ideas they find most compelling in explaining modern economic realities. Written in an engaging style and focused on real-world examples, this textbook brings economics to life. Multiple examples of how each economic model works, coupled with critical analysis of the assumptions behind them, enable students to develop a sophisticated understanding of the material. Digital supplements are also available for students and instructors. Economic Principles and Problems offers the most contemporary and complete package for any pluralist economics class.