International Finance

Front Matter....Pages i-xxviii
Front Matter....Pages 1-1
The Foreign Exchange Market....Pages 3-30
The Balance of Payments....Pages 31-55
Elasticity and Absorption Approaches to the Balance of Payments....Pages 57-73
Macroeconomic Policy in an Open Economy....Pages 75-104
The Monetary Approach to the Balance of Payments....Pages 105-134
Front Matter....Pages 135-135
Purchasing Power Parity and Floating Exchange-rate Experience....Pages 137-158
The Monetary Models of Exchange-rate Determination....Pages 159-183
The Portfolio Balance Model....Pages 185-211
Empirical Evidence on Exchange Rates....Pages 213-248
Fixed, Floating and Managed Exchange Rates....Pages 249-274
Front Matter....Pages 275-275
The Postwar International Monetary System....Pages 277-310
The Eurocurrency and Eurobond Markets....Pages 311-334
Currency Derivatives: Futures, Options and Swaps....Pages 335-374
International Macroeconomic Policy Coordination....Pages 375-396
International Debt Crisis....Pages 397-432
The European Monetary System and European Monetary Union....Pages 433-475
Back Matter....Pages 477-488