Giancarlo Gandolfo

International Finance and Open-Economy Macroeconomics

• Gebundenes Buch

Produktbeschreibung

This book deals with the financial side of international economics and covers all aspects of international finance.

Produktdetails

• Verlag: Springer, Berlin
• 2nd printing
• Seitenzahl: 613
• Englisch
• Abmessung: 240mm
• Gewicht: 1097g
• ISBN-13: 9783540417309
• ISBN-10: 3540417303
• Artikelnr.: 09763402

Autorenporträt

Since 1974 professor Giancarlo Gandolfo is full professor of International Economics, Faculty of Economics, Sapienza University of Rome. Since 2005 he is member of the scientific committee of University of Rome La Sapienza Press. His main areas of research are International monetary economics, continuous time econometrics, mathematical methods and models of economic dynamics. He is recipient of several research grants by national and international institutions.

Inhaltsangabe

From the Contents:
The Basics
- Flow Approaches
- Stock and Stock-Flow Approaches
- The Exchange Rate
- The Intertemporal Approach
- International Monetary Integration
- Problems of the International Monetary (Non) System
- Appendices

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I Introduction.- International Finance and International Macroeconomics: An overview.- II The Basics.- The Foreign Exchange Market.- Exchange-Rate Regimes.- International Interest-Rate Parity Conditions.- The Balance of Payments.- real and Financial Flows in an Open Economy.- III The Approaches.- The Elasticity Approach.- The Multiplier Approach.- An Integrated Approach.- The Mundell-Fleming Model.- Policy Implications of the Mundell-Fleming Model.- IV Stock and Stock-Flow Approaches.- The Monetary Approach to the BP and Related Approaches.- Portfolio and Macroeconomic Equilibrium in an Open Economy.- Growth in an Open Economy.- V The Exchange Rate.- Exchange-Rate Determination.- Capital Movements, Speculation, and Currency Crises.- Fixed vs Flexible Exchange Rates.- VI The Intertemporal Approach.- The Intertemporal Approach, and the Real Exchange Rate.- Other Applications.- VII International Monetary Integration.- International Monetary Integration.- The European Monetary Union.- VIIIProblems of the International Monetary (Non)System.- Key Events in the Postwar International Monetary System.- International Liquidity, and Xeno-Markets.- Current Problems.

Rezensionen

"Prof. Gandolfo has written what will be a classic in international finance. His erudition, expository and technical kills are combined to fulfil the needs of undergraduate and graduate students, researchers, and staff members in international economic organisations. The literary part is clear, and the underlying intuition of the arguments is stressed. This is followed by a mathematical analysis, which uses the state of the art techniques. In this manner the reader can go from the intuition-literary argument to the formal derivations and proofs. There are many books and articles by exponents of alternative points of view. I know of no other book that provides the scope, balance, objectivity and rigor of the book." (Professor Jerome L. Stein, Brown University)