Preface

1 Introduction

Part 1 Exchange Rates and Open-Economy Macroeconomics

2 National Income Accounting and the Balance of Payments

3 Exchange Rates and Foreign Exchange Market: An Asset Approach

4 Money, Interest Rates, and Exchange Rates

5 Price Levels and the Exchange Rate in the Long Run

6 Output and the Exchange Rate in the Short Run

7 Fixed Exchange Rates and Foreign Exchange Intervention

Part 2 International Macroeconomics Policy

8 International Monetary Systems: An Historical Overview

9 Financial Globalization: Opportunity and Crisis

10 Optimum Currency Areas and the Euro

11 Developing Countries: Growth, Crisis, and Reform Mathematical Postscripts

Index

Credits