Front Matter Introduction
About the Authors
Acknowledgments
Chapter Introduction
1 Foreign Exchange: Currencies and Crises
2 Globalization of Finance: Debts and Deficits
3 Government and Institutions: Policies and Performance
4 Conclusions
KEY POINTS
KEY TERMS
PROBLEMS
Chapter Introduction
1 Exchange Rate Essentials
2 Exchange Rates in Practice
3 The Market for Foreign Exchange
4 Arbitrage and Spot Exchange Rates
5 Solving for International Prices
6 Conclusions
KEY POINTS
KEY TERMS
PROBLEMS
NETWORK
NETWORK
Chapter Introduction
1 Exchange Rates and Prices in the Long Run: Purchasing Power Parity and Goods Market Equilibrium
2 Money, Prices, and Exchange Rates in the Long Run: Money Market Equilibrium in a Simple Model
3 The Monetary Approach: Implications and Evidence
4 Money, Interest Rates, and Prices in the Long Run: A General Model
5 Monetary Regimes and Exchange Rate Regimes
6 Conclusions
KEY POINTS
KEY TERMS
PROBLEMS
NETWORK
Chapter Introduction
1 Exchange Rates and Interest Rates in the Short Run: UIP and FX Market Equilibrium
2 Interest Rates in the Short Run: Money Market Equilibrium
3 The Asset Approach: Applications and Evidence
4 A Complete Theory: Unifying the Monetary and Asset Approaches
5 Fixed Exchange Rates and the Trilemma
6 Conclusions
KEY POINTS
KEY TERMS
PROBLEMS
NETWORK
Chapter Introduction
1 Measuring Macroeconomic Activity: An Overview
2 Income, Product, and Expenditure
3 The Balance of Payments
4 External Wealth
5 Conclusions
KEY POINTS
KEY TERMS
PROBLEMS
NETWORK
NETWORK
Appendix To Chapter 5
Chapter Introduction
1 The Limits on How Much a Country Can Borrow: The Long-Run Budget Constraint
2 Gains from Consumption Smoothing
3 Gains from Efficient Investment
4 Gains from Diversification of Risk
5 Conclusions
KEY POINTS
KEY TERMS
PROBLEMS
NETWORK
Appendix To Chapter 6
Chapter Introduction
1 Demand in the Open Economy
2 Goods Market Equilibrium: The Keynesian Cross
3 Goods and Forex Market Equilibria: Deriving the IS Curve
4 Money Market Equilibrium: Deriving the LM Curve
5 The Short-Run IS-LM-FX Model of an Open Economy
6 Stabilization Policy
7 Conclusions
KEY POINTS
KEY TERMS
PROBLEMS
Appendix 1 To Chapter 7
Appendix 2 To Chapter 7
Chapter Introduction
1 Exchange Rate Regime Choice: Key Issues
2 Other Benefits of Fixing
3 Fixed Exchange Rate Systems
4 International Monetary Experience
5 Conclusions
KEY POINTS
KEY TERMS
PROBLEMS
NETWORK
NETWORK
Chapter Introduction
1 Facts About Exchange Rate Crises
2 How Pegs Work: The Mechanics of a Fixed Exchange Rate
3 How Pegs Break I: Inconsistent Fiscal Policies
4 How Pegs Break II: Contingent Monetary Policies
5 Conclusions
KEY POINTS
KEY TERMS
PROBLEMS
Chapter Introduction
1 The Economics of the Euro
2 The History and Politics of the Euro
3 Eurozone Tensions in Tranquil Times, 1999-2007
4 The Eurozone in Crisis, 2008-2013
5 Conclusions: Assessing the Euro
KEY POINTS
KEY TERMS
PROBLEMS
NETWORK
Chapter Introduction
1 Exchange Rates in the Long Run: Deviations from Purchasing Power Parity
2 Exchange Rates in the Short Run: Deviations from Uncovered Interest Parity
3 Debt and Default
4 The Global Macroeconomy and the 2007-2013 Crisis
5 Conclusions
KEY POINTS
KEY TERMS
PROBLEMS
NETWORK