This textbook covers modern international monetary theory, evidence and institutions at a level suitable for advanced undergraduates. The authors begin by explaining balance of payments and exchange rate theory, then assess the efficiency of exchange markets using the latest asset valuation theories. They also explain the changes in postwar international monetary institutions, and show that seriously increasing instability in the world economy is both the outcome and the cause of this institutional change. Throughout the book the authors set theoretical developments in their historical and empirical contexts.
- ISBN10 0631144455
- ISBN13 9780631144458
- Publish Date 31 July 1986
- Publish Status Out of Print
- Out of Print 2 February 2005
- Publish Country GB
- Publisher John Wiley and Sons Ltd
- Imprint Blackwell Publishers
- Format Hardcover
- Pages 288
- Language English