International Finance and Open-Economy Macroeconomics

Author:   Giancarlo Gandolfo ,  Daniela Federici
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Edition:   Softcover reprint of the original 2nd ed. 2016
ISBN:  

9783662570432


Pages:   681
Publication Date:   07 June 2018
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Our Price $194.04 Quantity:  
Add to Cart

Share |

International Finance and Open-Economy Macroeconomics


Add your own review!

Overview

This rigorous textbook tames technicalities and makes even the most complex models accessible to students. Its unique two-tier structure makes the book attractive for undergraduates, graduates and researchers alike. In fact, the coverage is primarily directed to undergraduate students and is mainly confined to graphic analysis and to some elementary algebra. Further, each chapter has its own mathematical appendix, in which (i) the topics treated in the text are examined at a level suitable for advanced undergraduates, graduates and researchers, and (ii) generalizations and/or topics not treated in the text (including some at the cutting edge of research) are formally examined. The new edition has been thoroughly revised and updated to reflect the latest research on international finance.This book deals with the financial side of international economics and covers all aspects of international finance. 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 this book. the late Professor Jerome L. Stein, Brown University This book is a second edition of a volume on international finance first published in 2001. Like Giancarlo’s other books in International Economics, this book is organised as a two-books-in-one by distributing the material between text and appendices. The text provides coverage suitable for an undergraduate course while the mathematical appendices provide coverage of the topics at the frontier of the discipline and suitable for advanced undergraduate or graduate students in an international finance and international macroeconomics course. This edition updates the earlier volume and covers all the classic topics as well as the more recent advances in the theory and  modelling of international finance. It includes some discussion of the empirical testing of these theories and where appropriate reference to the extensive empirical literature is also provided. This book is a valuable addition to the bookshelf of any serious International Finance Scholar and provides a treasure chest of material for any quality international finance course. Professor Pasquale M Sgro, Deakin University Giancarlo Gandolfo is one of the profession's most gifted textbook authors on mathematical modeling and international economics. His revised International Finance and Open-Economy Macroeconomics is remarkable for its scope and clarity. The book covers the older and intertemporal approaches, and topics that are usually left out of graduate treatments (the chapter on balance-of-payments accounting is a gem). Gandolfo's two-tier approach of first developing topics with graphs and basic algebra and then providing rigorous mathematics for each topic makes the book ideal for advanced undergraduate and graduate classes. Professor Michael D. Goldberg, University of New Hampshire

Full Product Details

Author:   Giancarlo Gandolfo ,  Daniela Federici
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Edition:   Softcover reprint of the original 2nd ed. 2016
Dimensions:   Width: 15.50cm , Height: 3.60cm , Length: 23.50cm
Weight:   0.971kg
ISBN:  

9783662570432


ISBN 10:   3662570432
Pages:   681
Publication Date:   07 June 2018
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

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.

Reviews

Author Information

Giancarlo Gandolfo has been Professor of International Economics at the University of Rome la Sapienza from 1974 to 2010, when he retired. Previously he taught Economics and Mathematical Economics at the Universities of Rome (1965-70) and Siena (1968-74). He has been visiting professor in various foreign universities. He is a member of the Accademia Nazionale dei Lincei, Rome, a research Fellow of CESifo, Munich, and holds a doctorate honoris causa from the University of Frankfurt. He is the author of over 190 publications and sits on the editorial board of several international journals. Daniela Federici is Professor of International Economics at University of Cassino and Southern Lazio. She earned her Laurea in Economics at the University of Rome La Sapienza and her Ph.D. in International Economics at Graduate Institute of International Studies, Geneva. Federici has published papers in leading international journals on topics such as exchange rate dynamics, international trade, and productivity growth. She has been research visiting at Columbia University, Stanford University, University of Illinois at Urbana-Champaign, and Pace University.

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions
Latest Reading Guide

Aorrng

Shopping Cart
Your cart is empty
Shopping cart
Mailing List