'At a time when globalization is under threat everywhere, a clear and simple analysis of the effects of international trade and finance - who gains, who loses, what risks are created and reduced, and what policies are best on balance - grounded in good theory, and supported by data relevant to today's world, is essential. Chinn and Irwin provide that in this outstanding new textbook. I wish it was required reading for the general public, not just for classroom use.' Avinash Dixit, Princeton University

'Two outstanding international economists have brought us a first-rate new textbook. Written very clearly, it will be highly accessible to the typical student. It is chock-full of historical examples, as recent as the effect of Russia's war in Ukraine on global wheat prices. The historical cases introduce each chapter and then illustrate the theory afterwards.' Jeffrey Frankel, Harvard University

'Definitive but also accessible. Economic theory is brought alive with a combination of practical applications, historical examples, and real-world applications. Students are sure to be engaged.' Barry Eichengreen, University of California, Berkeley

Understanding the globalized world economy is more important than ever before. This book provides a clear, concise, and up-to-date look at the economic foundations of international finance. The authors explain the principal concepts in an engaging and accessible manner open to students from any discipline, incorporating contemporary finance data through full-colour diagrams and graphs. Throughout, economic models are discussed in the context of recent and current international finance issues, to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 140 end-of-chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as JPEGs.
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Preface; 1. Introducing the global economy; 2. Measuring the economy and its interaction with the world; 3. Exchange rates, interest rates, and the foreign exchange market; 4. Spending and income in the short run; 5. Income and interest rates under fixed exchange rates; 6. Floating exchange rates and the international trilemma; 7. Income, money and the price level in an open economy; 8. The determinants of the exchange rate; 9. Emerging market crises; 10. The global financial crisis; 11. The Eurozone crisis; References; Index.
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A concise and comprehensive examination of international finance, written with up-to-date examples and an engaging yet rigorous approach.

Produktdetaljer

ISBN
9781009407854
Publisert
2025-01-16
Utgiver
Cambridge University Press; Cambridge University Press
Vekt
600 gr
Høyde
253 mm
Bredde
202 mm
Dybde
12 mm
Aldersnivå
UU, 05
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
234