International Finance Theory and Policy
by Steven M. Suranovic

International Finance Theory and Policy Analysis - Table of Contents

Below is the main table of contents for the International Finance Theory and Policy text. The chapters are numbered unusually to allow room for expansion.

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  Finance Course Overview
  Chapter  5 National Income and Product Accounts
  Chapter 6 The Whole Truth about Trade Imbalances
  Chapter 10 Foreign Exchange Markets
  Chapter 20 Interest Rate Parity
  Chapter 30 Purchasing Power Parity
  Chapter 40 Interest Rate Determination
  Chapter 50 National Output Determination
  Chapter 60 The AA-DD Model
  Chapter 70 Policy Effects with Floating Exchange Rates
  Chapter 80 Fixed Exchange Rates
  Chapter 90 Policy Effects with Fixed Exchange Rates
  Chapter 100 International Monetary System: Case Studies
  Chapter 110 Fixed vs. Floating Exchange Rates

 

Chapter 5 - National Income and the Balance of Payments Accounts

5-1 The National Income and Product Accounts
5-2 The National Income or Product Identity
5-3 The Role of Imports in the National Income Identity
5-4 The US National Income Statistics - 2002
5-5 The Balance of Payments Accounts: Definitions
5-6 Recording Transactions on the Balance of Payments
5-7 US Balance of Payments Statistics - 2002
5-8 US Balances on the Balance of Payments - 2002
5-9 The Twin-Deficit Identity
5-10 The International Investment Position


Chapter 6: The Whole Truth about Trade Imbalances

6-0 An Overview
6-1 The National Welfare Effects of Trade Imbalances
6-2 Some Further Complications
6-3 Are Trade Imbalances Good or Bad?: Summary Results


Chapter 10: Foreign Exchange Markets

10-1 The Foreign Exchange Market - Definitions
10-2 Participants in the FOREX
10-3 Investment Concerns - International or Domestic
10-4 Calculating Rate of Returns on International Investments
10-5 Interpretation of the Rate of Return Formula


Chapter 20: Interest Rate Parity

20-1 The Interest Rate Parity Condition
20-2 Numerical Examples Using the Rate of Return Formula
20-3 Asset Approach to Exchange Rate Determination
20-4 The Effect of Changes in US Interest Rates on the Spot Exchange Rate
20-5 The Effect of Changes in German Interest Rates on the Spot Exchange Rate
20-6 The Effect of Changes in the Expected Exchange Rate on the Spot Exchange Rate
20-7 FOREX Equilibrium with the Rate of Return Diagram
20-8 Exchange Rate Equilibrium Stories using the RoR Diagram
20-9 Exchange Rate Effects of Changes in US Interest Rates using a RoR Diagram
20-10 Exchange Rate Effects of Changes in Foreign Interest Rates using a RoR Diagram
20-11 Exchange Rate Effects of Changes in the Expected Exchange Rate using a RoR Diagram


Chapter 30: Purchasing Power Parity

30-1 Introduction to Purchasing Power Parity (PPP)
30-2 The Consumer Price Index (CPI) and PPP
30-3 PPP as a Theory of Exchange Rate Determination
30-4 Problems and Extensions of PPP
30-5 PPP in the Long Run
30-6 Overvaluation and Undervaluation
30-7 PPP and Cross Country Comparisons


Chapter 40: Interest Rate Determination

40-1 Introduction
40-2 Some Preliminaries
40-3 What is Money?
40-4 Money Supply Measures
40-5 Controlling the Money Supply
40-6 Money Demand
40-7 Money Functions and Equilbrium
40-8

Money Market Equilibrium Stories

40-9 Effects of a Money Supply Increase
40-10 Effects of a Price Level Increase
40-11 Effects of a GDP Increase
40-12 Integrating the Money Market and the Foreign Exchange Market
40-13 Comparative Statics: Money and FOREX Markets Combined
40-14 Money Supply and Long-Run Prices


Chapter 50: National Output Determination

50-0 Overview
50-1 Aggregate Demand for Goods and Services
50-2 Consumption Demand
50-3 Investment Demand
50-4 Government Demand
50-5 Export and Import Demand
50-6 The Aggregate Demand Function
50-7 The Keynesian Cross Diagram
50-8 Goods & Services Market Equilibrium Stories
50-9 Comparative Statics in the G&S Model
50-10 Effect of an Increase in Government Demand on Real GNP
50-11 Effect of an Increase in the US Dollar Value


Chapter 60: The AA-DD Model

60-0 Overview
60-1 Derivation of the DD-curve
60-2 Shifting the DD-Curve
60-3 Derivation of the AA Curve
60-4 Shifting the AA-curve
60-5 Super-Equilibrium: Combining DD and AA
60-6 Adjustment to the Super-Equilibrium
60-7 AA-DD and the Current Account


Chapter 70: Policy Effects with Floating Exchange Rates

70-0 Overview
70-1 Monetary Policy with Floating Exchange Rates
70-2 Fiscal Policy with Floating Exchange Rates
70-3 Expansionary Monetary Policy with Floating Exchange Rates in the Long-Run
70-4 Foreign Exchange Interventions with Floating Exchange Rates


Chapter 80: Fixed Exchange Rates

80-0 Overview
80-1 Fixed Exchange Rate Systems
80-2 The Gold Standard
80-3 Reserve Currency Standard
80-4 Gold-Exchange Standard
80-5 Other Fixed Exchange Rate Variations
80-6 Interest Rate Parity with Fixed Exchange Rates
80-7 Central Bank Intervention with Fixed Exchange Rates
80-8 Balance of Payments Deficits and Surpluses
80-9 Black Markets


Chapter 90: Policy Effects with Fixed Exchange Rates

90-0 Overview
90-1 Monetary Policy with Fixed Exchange Rates
90-2 Fiscal Policy with Fixed Exchange Rates
90-3 Exchange Rate Policy with Fixed Exchange Rates
90-4 Reserve Country Monetary Policy under Fixed Exchange Rates
90-5 Currency Crises and Capital Flight


Chapter 100: International Monetary System: Case Studies

100-0 Overview
100-1 The Breakup of the Bretton Woods System: 1973
100-2 The Role of the IMF
100-2 The Third World Debt Crisis: 1982
100-3 The Exchange Rate Mechanism in the EU: 1980s -1990s
100-4 The Peso Crisis in Mexico: 1995
100-5 The Asian Currency Crisis: 1997
100-6 Currency Board Experiences
100-7 Experiments with Dollarization


Chapter 110: Fixed vs Floating Exchange Rates

110-0 Overview
110-1 Volatility and Risk
110-2 Inflationary Consequences
110-3 Monetary Autonomy
110-4 Which is Better? Fixed or Float?

International Trade Theory and Policy Lecture Notes: Last Updated on 2/19/07