International finance

Abstract

Part 1. The Balance of Payments and Macroeconomic Policy In an Option Economy -- 1. The Foreign Exchangc Market -- 2 The Balance of Payments -- 3. Elasticity and Absorption Approaches to the Balance of Payments -- 4. Macroeconomic Policy In an Open Economy -- 5. The Monetary Approach to the Balance of Payments -- Part 2. Exchange Ratt Determination: Theory, Evidence and Pollcy -- 6. Purchasing Power Parity and floating Exchange Rate Experlence -- 7. Modem Models of Exchange Rate Determination -- 8. The Portfolio Balance Model -- 9. Empirical Evidence on Exchange Rates -- 10. Fixed, floating and Managed Exchange Rates -- Part 3. The Postwar lnternational Monetary System -- 11. The lnternational Monetary System -- 12. The Eurocurrency and Eurobond Markets -- 13. Currency derivatlves: Futures, Options and Swaps -- 14. lnternational Macroeronomic Policy Coordination -- 15. The lnternational Debt Crisis -- 16. Economic and Monetary Union in Europe -- 17. Currency Crises and the East Asian Financial Crisis.