About this product

Product Identifiers

PublisherPalgrave Macmillan The Limited

ISBN-100230576850

ISBN-139780230576858

eBay Product ID (ePID)72754640

Product Key Features

Number of PagesXiii, 200 Pages

LanguageEnglish

Publication NameGlobal Imbalances, Exchange Rates and Stabilization Policy

Publication Year2009

SubjectForeign Exchange, Globalization, Economics / Macroeconomics, Development / Economic Development, International / General, Public Policy / Economic Policy, Money & Monetary Policy

TypeTextbook

AuthorAnthony Makin

Subject AreaPolitical Science, Business & Economics

FormatHardcover

Dimensions

Item Height0.6 in

Item Weight15 Oz

Item Length8.5 in

Item Width5.5 in

Additional Product Features

Intended AudienceScholarly & Professional

Dewey Edition22

Number of Volumes1 vol.

IllustratedYes

Dewey Decimal332.45

Table Of ContentIntroduction The Global Economy and External Imbalances Global Imbalances and Exchange Rates External Imbalances and National Income International Capital Mobility and National Income External Imbalances, Exchange Rates and Interest Rates Money, Exchange Rates and the Balance of Payments Stabilisation Policy, Interest Rates and National Income Real Exchange Rate, External Imbalances and National Income Select Stabilisation Policy Issues Epilogue

SynopsisThis book analyzes key international monetary issues from a macro-foundations perspective. It proposes novel frameworks to interpret macroeconomic and financial linkages for globally integrated economies, examining global imbalances, exchange rates, interest rates, international capital flows, inflation, foreign and public debt., Introduction The Global Economy and External Imbalances Global Imbalances and Exchange Rates External Imbalances and National Income International Capital Mobility and National Income External Imbalances, Exchange Rates and Interest Rates Money, Exchange Rates and the Balance of Payments Stabilisation Policy, Interest Rates and National Income Real Exchange Rate, External Imbalances and National Income Select Stabilisation Policy Issues Epilogue, As Economies become more integrated with the rest of the world, the need to better understand their international monetary linkages becomes ever more important. This book analyzes key international monetary issues from a macro-foundations perspective, focusing on economy-wide variables that form the basis of real-world macroeconomic policy analysis. It proposes novel frameworks to interpret real and financial sector linkages for globally integrated economies. Issues examined include: global imbalances, exchange rates, foreign reserves, interest rates, international capital flows, inflation, external and public debt, as well as the effectiveness of monetary and fiscal policy under different exchange rate regimes. Drawing heavily upon much-neglected precepts, such as the output-absorption distinction and traditional flow-of-funds analysis, the book provides an alternative to the micro-founded approach of the prevalent international macroeconomics paradigm, and to earlier aggregative models. By emphasizing the production side of the economy as the starting point for analysis, unique frameworks yield results about the efficacy of macroeconomic policy under both fixed and floating exchange rate regimes that differ from those derived from standard aggregate demand oriented approaches.

LC Classification NumberHB172.5