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This book examines the causes, consequences and policy implications of international capital movements and nations' balance of payments accounts in the context of an increasingly integrated global economy. After providing a detailed macroeconomic accounting framework for open ec…
"This textbook focuses on key international monetary and financial phenomena, exploring the determinants of exchange rates, international competitiveness, interest rates, saving, investment, international capital flows, commodity prices, the terms of trade, financial crises, for…