Titlebook: International Finance and Open-Economy Macroeconomics; Giancarlo Gandolfo Textbook 2016Latest edition Springer-Verlag GmbH Germany, part o

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An Integrated Approachwe shall examine that of Laursen and Metzler (Review of Economics and Statistics, 32, 281–299, 1950; reprinted in: L.A. Metzler (1973). .. Cambridge (MA): Harvard University Press, 275–307); two other attempts worthy of mention are those of Harberger and of Stolper (Quarterly Journal of Economics, 64, 559–582, 1950).

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Giancarlo GandolfoGets to the heart of international finance and international macroeconomic theories.An excellent teaching tool that makes even the most complex models accessible to students.The unique two-tier struct

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Exchange-Rate Regimeso intervention of the monetary authorities). This chapter examines both the two extremes and the intermediate cases, including those that have been suggested in the literature but not implemented in practice.

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The Monetary Approach to the Balance of Payments and Related Approaches developed by the Monetary Approach to the Balance of Payments (MABP) to give these changes an . importance in the context of a different model based on a pure stock-adjustment behaviour. The assumptions and conclusions of the MABP (amongst which the ineffectiveness of an exchange-rate devaluation) are examined in detail.