000			04686nam a22003858a 4500
001			99054939
005			20240430143911.0
008			050915s2000 nyu b 001 0 eng
010			_a 99054939
020			_a0312231288 : _c65.00
040			_aDLC _cDLC
042			_apcc
050	0	0	_aHG3881 _b.M295 2000
069			_a01272308
090			_aHG 3881 .M295 2000
090			_aHG 3881 .M295 2000
100	1		_aMakin, A. J. _969809
245	1	0	_aGlobal finance and the macroeconomy / _cTony Makin.
260			_aNew York : _bSt. Martin's Press, _c2000.
263			_a0002
300			_ap. cm.
504			_aIncludes bibliographical references and index.
505	0		_aEvolution of the International Financial System -- The scale of international financial flows -- A short history of global finance -- Financial globalisation: benefits and risks -- Plan of this book -- Accounting and Measurement Issues -- Open economy accounting relations -- Absorption, income and the current account -- Saving, investment and the external accounts -- Valuation effects -- International financial flows and national wealth -- Asset markets and the external accounts -- Inflation-adjusted current account -- National wealth accounting -- Capital gains and national income -- Exchange rates -- Early Balance of Payments Models -- The classical approach -- The basic model -- Limitations -- The elasticities approach -- The dependent economy approach -- Monetary approaches -- Limitations and extensions -- Intertemporal Trade, Capital Mobility and Interest Rates -- The intertemporal approach -- Graphical analysis -- Offer curve analysis -- Capital market integration, foreign debt and wealth -- Loanable funds approach -- Further defining capital mobility -- Empirical evidence -- Financial Flows, Interest Rates and Exchange Rates -- Reconsidering interest rate parity -- The Fisher effect and UIP -- Foreign borrowing, lending and risk -- More on exchange rate expectations -- Exchange rate behaviour in an intertemporal framework -- The analytical framework -- Intertemporal relations -- Expenditure shocks -- Asymmetric expectations -- Output shocks -- Macroeconomic Policy in the Open Economy -- The Mundell-Fleming model -- Expenditure and monetary shocks -- Increased autonomous expenditure -- Monetary expansion -- Stability analysis -- Graphical analysis -- Goods market specification -- External accounts specification -- Ricardian equivalence -- Money, Expenditure and External Adjustment -- An open economy AD/AS Framework -- Underlying relationships -- Aggregate demand and supply functions -- International investment flows -- Monetary shocks -- Monetary expansion under fixed exchange rate -- Monetary expansion under floating exchange rate -- Foreign interest rate shock -- Fiscal shocks -- Public spending under fixed exchange rate -- Public spending rise under floating exchange rate -- Foreign Capital and Economic Growth -- Saving, investment and capital flows -- Foreign capital as a source of growth -- Graphical analysis -- The basic model -- Comparative statics -- The adjustment process -- Capital transfer -- Tax effects -- Interest rates and financial claims -- Long-term dynamics -- Financial Globalisation and Emerging Market Crises -- Financial crises in emerging markets -- Moral hazard and the IMF -- Financial sector problems -- International portfolio adjustment and asset prices -- Rest-of-the-world effects -- Policy responses: an analogy -- The future of financial globalisation.
520		0	_aThis book provides new ways of analyzing the key issues in international finance and open economy macroeconomics. The topics covered include: financial globalization and the evolution of the international financial system; international macroeconomic accounting and measurement; early balance of payments approached; the inter-temporal model of international borrowing and leading; the significance of external deficits; the determinants of interest rate differentials and exchange rates; the effectiveness of monetary and fiscal policies; and capital mobility and economic growth.
650		0	_aInternational finance. _969810
650		0	_aMacroeconomics. _969811
852			_9p65.00 _y12-09-2000
907			_a12214 _b08-06-10 _c08-06-10
942			_cBOOK _01
998			_aaudmc _b12-09-00 _cm _da _e- _feng _gnyu _h0
905			_aTony Makin is Reader in Economics at the University of Queensland
935			_a1ST ORDER 2000-2001
945			_g0 _i617365 _j0 _laudmc _nCopy Type:01 - Books _o- _p238.88 _q- _r- _s- _t1 _u1 _v0 _w1 _x0 _yi10174631 _z08-06-10
999			_c12214 _d12214