000 | 04686nam a22003858a 4500 | ||
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001 | 99054939 | ||
005 | 20240430143911.0 | ||
008 | 050915s2000 nyu b 001 0 eng | ||
010 | _a 99054939 | ||
020 |
_a0312231288 : _c65.00 |
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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 |
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907 |
_a12214 _b08-06-10 _c08-06-10 |
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942 |
_cBOOK _01 |
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998 |
_aaudmc _b12-09-00 _cm _da _e- _feng _gnyu _h0 |
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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 |
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999 |
_c12214 _d12214 |