For courses in International Finance. A balanced approach to theory and policy applications International Finance: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the discipline. An intuitive introduction to international finance theory is followed by detailed coverage of policy applications. With this new 12th Edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Finance courses. Also available with MyLab Economics: MyLab™ Economics is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts. Students, if interested in purchasing this title with MyLab Economics, ask your instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.
Introduction Part 1: Exchange Rates and Open-Economy Macroeconomics National Income Accounting and the Balance of Payments Exchange Rates and the Foreign Exchange Market: An Asset ApproachMoney, Interest Rates, and Exchange RatesPrice Levels and the Exchange Rate in the Long RunOutput and the Exchange Rate in the Short RunFixed Exchange Rates and Foreign Exchange Intervention Part 2: International Macroeconomic Policy International Monetary Systems: An Historical OverviewFinancial Globalization: Opportunity and CrisisOptimum Currency Areas and the EuroDeveloping Countries: Growth, Crisis, and Reform Mathematical Postscripts Postscript to Chapter 9: Risk Aversion and International Portfolio Diversification