International Monetary and Financial Economics

UNIT I: INTERNATIONAL PAYMENTS AND EXCHANGE 1. Keeping Up with a Changing World-Trade Flows, Capital Flows, and the Balance of Payments 2 . The Market for Foreign Exchange 3. Exchange Rate Systems, Past to Present UNIT II: INTERNATIONAL FINANCIAL INSTRUMENTS, MARKETS, AND INSTITUTIONS 4. The Forward Currency Market and International Financial Arbitrage 5. Hedging and Speculation in the Foreign Exchange Markets-Derivative Securities 6. A Single World Marketplace?-International Financial Markets 7. International Banking and the Role of Central Banks UNIT III: EXCHANGE RATE AND BALANCE-OF-PAYMENTS DETERMINATION 8. Traditional Theories of Exchange-Rate and Balance-of-Payments Determination 9. Monetary and Portfolio Approaches to Exchange-Rate and Balance-of-Payments Determination UNIT IV: OPEN ECONOMY MACROECONOMICS AND POLICY ANALYSIS 10. An Open Economy Framework 11. Economic Policy with Fixed Exchange Rates 12. Economic Policy with Floating Exchange Rates 13. The Price Level, Real Output, and Economic Policy Making UNIT V: CURRENT ISSUES IN INTERNATIONAL MONETARY AND FINANCIAL ECONOMICS 14. Policy Coordination, Monetary Union, and Target Zones 15. Financial Crises, Multinational Policymaking, and the International Financial ArchitectureDaniels, Joseph P. is the author of 'International Monetary and Financial Economics', published 2001 under ISBN 9780324063622 and ISBN 0324063628.