Lectures in International Finance: Crisis, Coordination, Currency, Unions, and Debt
This book provides a good basis for a graduate course in international finance. It also serves as a reference source for professional economists. Though other good surveys and handbooks are available, they are too extensive to serve as a graduate textbook. In many cases they are outdated, as there has been an explosion of work on the issues over the last decade, stimulated by events such as the Asian crises of 1997 and 1998, the creation of the Euro zone in 1999, and Argentina's 2001 default. This book covers up-to-date developments on these issues.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
aﬀected Argentina Asian assumed attack balance of payments beneﬁts borrowing Bretton Woods Bretton Woods System central bank chapter contagion cooperative solution country’s currency crises currency crisis models currency unions current account debt crisis debtor default deﬁcits deﬁne depreciation deutsche mark devaluation developing countries diﬀerent dollar dollarisation domestic economic eﬀects eﬀort emerging market equation euro zone exchange rate regime expectations ﬁnancial ﬁrst-order condition ﬁscal authorities ﬁscal policies ﬁxed exchange rate ﬂoating ﬂuctuation government spending incentive inﬂation inﬂation rate inﬂuence intentionally left blank interest rate International Monetary investors lenders lending loans Masson maximise monetary policy monetary union money growth money supply multiple equilibria Nash equilibrium objective function oﬃcial oﬀset parity pay-oﬀ policy coordination precommit proﬁt rate of inﬂation reaction functions real exchange rate reﬂect region repay seigniorage self-fulﬁlling spillovers suﬀered suﬃcient supply shock target taxes tion trade zero