000 04319cam a22003135a 4500
001 18544405
005 20201128023815.0
008 150327s2015 maua frb 001 0 eng d
010 _a 2015937310
020 _a9780128022979
040 _aDLC
_beng
_cDLC
_dEG-ScBUE
042 _apcc
082 0 4 _222
_a332.042
_bTER
100 1 _aTerra, Cristina.
_940881
245 1 0 _aPrinciples of international finance and open economy macroeconomics :
_btheories, applications, and policies /
_cCristina Terra.
260 _aLondon :
_bAcademic Press / Elsevier Inc.,
_cc.2015.
300 _axiii, 348 p. :
_bill. ;
_c24 cm.
500 _a"Originally published in Portuguese language under the title : Financas Internacionais"
500 _aIndex : p. 341-348.
504 _aBibliography : p. 337-340.
505 _a1. Introduction : 1.1. Mathematical Modeling -- 1.2. Book Structure -- pt. I Definitions, 2. How to Measure International Transactions : 2.1. Balance of Payments -- 2.2. National Accounts -- 2.3. Balance of Payments Equilibrium -- 2.4. Open Economy Models -- Mathematical Appendix -- 2.5. Exercises -- 3. The Foreign Exchange Market : 3.1. The Nominal Exchange Rate -- 3.2. The Goods and Services Market: The Real Exchange Rate -- 3.3. The Assets Market: Interest Rate Parity Conditions -- Mathematical Appendix -- 3.4. Exercises -- pt. II Current Account and Real Exchange Rate, 4. What Is the Optimum Current-Account Level? : 4.1. Basic Hypotheses -- 4.2. Consumption Smoothing -- 4.3.Comparing with a Closed Economy -- 4.4. How Economic Shocks Affect the Current Account -- 4.5. Adding Government -- 4.6. The Model with Production and Investment -- 4.7. The Model and the World -- 4.8. Exercises -- 5. The Equilibrium Real Exchange Rate. Note continued: 5.1. The Real Exchange Rate and the Price of Nontradable Goods -- 5.2. Production, Consumption, and Equilibrium -- 5.3. How Does the Real Exchange Rate Respond to Shocks? -- Mathematical Appendix -- 5.4. Exercises -- pt. III Determination of the Nominal Exchange Rate, 6. Money and Exchange Rate in the Long Run : 6.1. Money, Assets, and Goods Markets -- 6.2. Exchange Rate Fundamentals -- 6.3. Applications, Extensions, and Limits of the Model -- Mathematical Appendix -- 6.4. Exercises -- 7. Macroeconomic Policies and Exchange Rate in the Short Run : 7.1. Rigid Prices: The Mundell -- Fleming Model -- 7.2. Sticky Prices: The Mundell -- Fleming -- Dornbusch Model -- 7.3. Monetary Models with Price Rigidity: Their Uses and Limitations -- 7.4. Exercises -- 8. Portfolio Diversification and Capital Flows : 8.1. Assets from Different Countries: Imperfect Substitutes -- 8.2. Gross Capital Flows and Current Account -- 8.3.Net International Investment Position. Note continued: 8.4. Impact of Shocks on Exchange Rate and Current Account -- Mathematical Appendix -- 8.5. Exercises -- pt. IV Crises and Exchange Rate Policy, 9. Currency Crises : 9.1. The Speculative Attack as Asset Price Arbitrage -- 9.2. Crises as Self-Fulfilling Prophecies -- 9.3. The Role of Banks and Foreign Debt -- 9.4. Contagion -- 9.5. Exercises -- 10. Exchange Rate Regimes : 10.1. Classification of Exchange Rate Regimes -- 10.2. What Exchange Rate Regime Should Be Chosen? -- Mathematical Appendix -- 10.3. Exercises -- 11. Political Economy of Exchange Rate Policy : 11.1. Distributive Impacts of the Real Exchange Rate -- 11.2. Exchange Rate as an Indicator of Competence -- 11.3. The Economic Policy of Fiscal Policy -- Mathematical Appendix -- 11.4. Exercises.
520 _aPresents 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.
650 7 _2BUEsh
_912482
_aInternational finance.
650 7 _91321
_aMacroeconomics.
651 _2BUEsh
653 _bBUSADM
_cAugust 2016
942 _2ddc
_k332.042 TER
999 _c22233
_d22205