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Principles of international finance and open economy macroeconomics : theories, applications, and policies /
"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 textbo...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés Portugués |
| Publicado: |
London :
Academic Press,
2015.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Front Cover; Principles of International Finance and Open Economy Macroeconomics; Copyright Page; Contents; Foreword; Preface; How to Use This Book; Acknowledgments; 1 Introduction; 1.1 Mathematical Modeling; 1.2 Book Structure; I. Definitions; 2 How to Measure International Transactions; 2.1 Balance of Payments; 2.1.1 Current Account; 2.1.2 Capital Account; 2.1.3 Financial Account; 2.2 National Accounts; 2.3 Balance of Payments Equilibrium; 2.3.1 Sustainability of Current-Account Deficits; 2.4 Open Economy Models; Mathematical Appendix; 2.5 Exercises; Exercise 1; Exercise 2; Exercise 3.
- Exercise 4Exercise 5; Exercise 6; Exercise 7; Exercise 8; 3 The Foreign Exchange Market; 3.1 The Nominal Exchange Rate; 3.1.1 What Does Exchange Rate Changes Mean?; 3.1.2 What Determines the Exchange Rate?; 3.1.3 Can the Government Choose the Exchange Rate?; 3.1.4 But, There Are Many Currencies ... ; 3.1.5 Nonarbitrage Condition; 3.2 The Goods and Services Market: The Real Exchange Rate; 3.2.1 The Law of One Price and Purchasing Power Parity; 3.3 The Assets Market: Interest Rate Parity Conditions; 3.3.1 Carry Trade; 3.3.2 Covered Interest Rate Parity; 3.3.3 Risk Premium.
- 3.3.4 Uncovered Interest Rate Parity3.3.5 The Peso Problem; Mathematical Appendix; Deriving the Relationship Between Exchange Rate Variation and Inflation; 3.4 Exercises; Exercise 1; Exercise 2; Exercise 3; Exercise 4; Exercise 5; Exercise 6; Exercise 7; Exercise 8; Exercise 9; Exercise 10; Exercise 11; II. Current Account and Real Exchange Rate; 4 What Is the Optimum Current-Account Level?; 4.1 Basic Hypotheses; 4.2 Consumption Smoothing; 4.2.1 Current Account; 4.3 Comparing with a Closed Economy; 4.3.1 Equilibrium Interest Rate in a Closed Economy.
- 4.3.2 Benefiting from Access to International Markets4.4 How Economic Shocks Affect the Current Account; 4.4.1 Increase in International Interest Rates; 4.4.2 Higher Value Attributed to Future Consumption; 4.4.3 Positive Shock to Income; 4.5 Adding Government; 4.6 The Model with Production and Investment; 4.6.1 Graphic Representation; 4.6.2 The Relation Between Investment and Savings; 4.7 The Model and the World; 4.7.1 The Voracity Effect; 4.7.2 The Feldstein-Horioka Puzzle; 4.7.2.1 Portfolio Diversification; 4.7.3 Global Current-Account Imbalances; 4.8 Exercises; Exercise 1; Exercise 2.
- Exercise 3Exercise 4; Exercise 5; Exercise 6; Exercise 7; Exercise 8; Exercise 9; Exercise 10; Exercise 11; Exercise 12; Exercise 13; Exercise 14; 5 The Equilibrium Real Exchange Rate; 5.1 The Real Exchange Rate and the Price of Nontradable Goods; 5.1.1 How to Determine the Real Exchange Rate; 5.2 Production, Consumption, and Equilibrium; 5.2.1 Production; 5.2.2 Consumption; 5.2.2.1 Intertemporal Consumption Allocation; 5.2.2.2 Current Account; 5.2.2.3 Allocation of Consumption Between Tradable and Nontradable Goods; 5.2.2.4 The Amount Consumed of Each Good; 5.2.3 The Equilibrium Price.