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AN INTRODUCTION TO INTERNATIONAL ECONOMICS
The Direction of International Trade
54 other sections not shown
amount assumption autarky balance of payments balance of trade beneﬁts capital central bank Chapter comparative advantage consider consumers consumption costs country’s current account deﬁcit deposits depreciate devaluation developing countries domestic currency economists effect equal Equation equilibrium Eurobank Eurodollar exchange rate changes factors of production Figure ﬁnd ﬁrms ﬁrst ﬁxed exchange rates ﬂoating ﬂows foreign currency foreign exchange market forward rate franc free trade GATT growth higher imports income increase indifference curves industry inﬂation instance Intemational interest rate interest rate parity international trade investment Japan labor Leontief loans million money demand money supply ofﬁcial output percent portfolio pounds premium proﬁts protection purchase purchasing power parity quantity quota reﬂect relative price reserve rise risk sell speciﬁc spot rate subsidies Suppose surplus Table tariff theorem theory transactions U.S. banks U.S. dollar U.S. exports U.S. government U.S. trade wages workers world price