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Palgrave Macmillan

An Introduction to International Macroeconomics

A Primer on Theory, Policy and Applications

Edition 3rd edition
ISBN 9781403940049
Publication Date January 2007
Formats Paperback Ebook (PDF) 
Publisher Palgrave Macmillan

The main purpose of this book is to show the relevance of international macroeconomics to understanding the world economy. It provides a succinct summary of open economy macroeconomics from a theoretical perspective and analyzes policy covering the balance of payments, exchange rates, capital flows and the co-ordination of macroeconomic policy.

GRAHAM BIRD is Professor of Economics at the University of Surrey, UK, and Director of the Surrey Centre for International Economic Studies. He is Visiting Professor of International Economic Affairs at the Fletcher School of Law and Diplomacy, Tufts University, USA. He has been an adviser to a number of international organizations including the World Bank, UNDP and UNICEF. He is the author or editor of more than twenty books and monographs and over 150 papers.

Introduction
PART ONE: THEORY
An Open Economy Macroeconomic Model
Trade Functions and Capital Movements
Balance of Payments Theory
Theories of Exchange Rate Determination
Theories of Currency Crisis
PART TWO: POLICY
Balance of Payments Policy
Stabilisation Policy in an Open Economy
Exchange Rate Management and Policy
Dealing with International Capital Volatility
The International Co-ordination of Macroeconomic Policy
PART THREE: APPLICATIONS
The Oil Crisis of the 1970s and the Debt Crisis of the 1980s
Monetary Integration in Europe: the UK and the Euro
Currency and Economic Crises in Emerging Economies
The US Current Account Deficit and Global Economic Imbalances
The International Monetary Fund and Macroeconomic Policy
Notes
Index

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