Table of Contents:
  • Foreign Exchange markets Exchange rate regimes International interest rate parity conditions Balance of payments Real and financial flows in an open economy The elasticity approach Flow approaches The multiplier approach A integrated approach The Mundell - Fleming Model Policy Implications of the Mundell - Fleming model and the Assignment problem Stock and stock flow approaches The monetary approach to the balance of payments and related approaches Portfolio and macroeconomic equilibrium in an open economy Growth in an open economy The exchange rate Exchange rate determination Capital movement, speculation, and currency crises Fixed vs Flexible exchange rates The intertemporal approach The intertemporal approach to the balance of Payments and the real exchange rate Recent Advances International Monetary Integration Optimum Currency areas and monetary unions The European Monetary Union Problems of the international Monetary (Non) - System International Liquidity, the demand for international Reserves, and Xeno-Markets Current Problems