International Finance: Theory and Policy

A free online textbook in Finance: International Finance: Theory and Policy.

WHY IT’S INTERESTING

International Finance Theory and Policy is built on Steve Suranovic's belief that to understand the international economy, students need to learn how economic models are applied to real world problems. It is true what they say, that ”economists do it with models.“ That's because economic models provide insights about the world that are simply not obtainable solely by discussion of the issues.

SERENDIPITYA little unexpected

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A CLOSER LOOK

International Finance Theory and Policy develops a unified model of the international macroeconomy. The text provides detailed descriptions of major macroeconomic variables, covers the interest rate parity and purchasing power parity theories of exchange rate determination, takes an exhaustive look at the pros and cons of trade imbalances and presents the well-known AA-DD model to explore the effects of fiscal and monetary policy under both fixed and flexible exchange rates.

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FOLLOW THE EVIDENCE

Open Textbook Library · University of MinnesotaInternational Finance: Theory and Policy

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