Elements of International economics
- Rome Spinger 2006
- 335 p.
This book details how an open economy functions. It explores the determinants of international flows of commodities and financial assets as well as examining the effects of these flows on the domestic and international economy and the possible policy actions at the national and international level. Particu lar attention is paid to the problems of international economic integration at both the commercial and monetary level.
This highly accessible textbook introduces students to the subject as well as equips them for further study. Students will learn to read and interpret the balance of payments of a coun try, explain the behavior of commercial flows, analyze flows of financial assets according to interest-rate differentials and other elements, evaluate the effects of national and internation al policies, study the forces that determine exchange rates and cause currency crises, and understand the reasons behind in ternational economic integration, such as the European Union.