Эксоцман
на главную поиск contacts
Международная макроэкономика и международные финансы – это две смежные дисциплины, изучающие экономические законы перемещения капитала между странами, а также связанные с ними макроэкономические процессы. К настоящему моменту обе дисциплины практически слились в единый фрагмент, объединенный макроэкономической методологией и ключевым политическим вопросом: какой курс иностранной валюты необходим стране в определенной ситуации. (подробнее...)
Всего публикаций в данном разделе: 47

Авторы:
АБВГ Д Е ЖЗ ИЙК ЛМНОП РС Т УФХЦЧ Ш ЩЭ ЮЯ
AB C D E F G H I J K L M NO P QR S TU V WXYZ
 
Названия:
АБВ ГДЕЖЗИЙКЛМ Н ОП РС ТУФХЦЧШЩЭЮЯ
A BC DE F G H I JKLM N O P QR ST U VW XYZ
 

Опубликовано на портале: 30-12-2003
Ronald MacDonald, Paul C. Hallwood
USA: Blackwell Publishing Company, 2000, 547 с.
"This bood is unique in its thorough and up-to-date coverege of empirical results in the literature. The policy discussions are also well written and are nicely integrated with the presentation of the models... I strongly recommend it."
Peter Pedroni, Indiana University
"Paul Hallwood and Ronald MacDonald have written an outstanding textbook... With updated chapters on European monetary union, transition economies and developing countries - including discussion of the East Asian problems - the result is a handbook of encyclopedic range."
Jan Toporowski, South Bank University.
На портале есть рецензия на эту книгу.

Опубликовано на портале: 29-10-2003
This short, concrete, and to-the-point book guides students through this vast field of conflicting opinions. The book begins from the premise that students benefit most from seeing a balanced treatment of all available views. For instance, this book provides coverage of both ad hoc and optimizing models. It also explores divisions such as flexible price versus sticky price models, rationality versus irrationality, and calibration versus statistical inference. By giving consideration to each of these 'mini debates;, this book shows how each approach has its good and bad points.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 12-08-2004
Authors analyze the impact of financial globalization on asset prices, investment and the possibility of crashes driven by self-fulfilling expectations in emerging markets. In a two-country model with one emerging market (intermediate income level) and one industrialized country (high income level), they show that liberalization of capital flows increases asset prices, investment and income in the emerging market. However, for intermediate levels of international financial transaction costs, authors find that pessimistic expectations can be self-fulfilling, leading to a financial crash. The crash is accompanied by capital flight, a drop in income and investment below the financial autarky level and more market incompleteness. Authors show that emerging markets are more prone to financial crashes simply because they have a lower income level and not because of the existence of market failures (moral hazard or credit constraints), bad monetary policies or exchange rate regimes.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию

Опубликовано на портале: 12-08-2007
Bennett T. Mccallum
Oxford: Oxford University Press, 1996
This is an introduction to the major topics in international monetary economics. It concentrates on the concepts and relationships involving exchange rates and balance of payment magnitudes, the construction and manipulation of exchange rates, and a description of multi-country co-operation arrangements.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 13-08-2007
Enrique Gabriel Estrada Mendoza
2003
Financial contagion and Sudden Stops of capital inflows experienced in emerging-markets crises may originate in an explosive mix of lack of policy credibility and world capital market imperfections that afflict emerging economies with national currencies. Hence, this paper argues that abandoning national currencies to adopt a hard currency can significantly reduce the emerging countries' vulnerability to these crises. The credibility of their financial policies would be greatly enhanced by the implicit subordination to the policy-making institutions of the hard currency issuer. Their access to international capital markets would improve as the same expertise and information that global investors gather already to evaluate the monetary policy of the hard currency issuer would apply to emerging economies. Yet, adopting a hard currency does not eliminate business cycles, rule out all forms of financial crises, or solve severe fiscal problems that plague emerging economies, and it entails giving up seigniorage and potential benefits of conducting independent monetary policy. However, these disadvantages seem dwarfed by the urgent need to enable emerging countries to access global capital markets without exposing them to the risk of recurrent Sudden Stops.

Опубликовано на портале: 01-09-2003
Maurice Obstfeld, Kenneth S. Rogoff
Boston: MIT Press, 2002
Foundations of International Macroeconomics provides the first integrative modern treatment of the core issues in international macroeconomics and finance. It can be used as a text for first-year graduate macroeconomics or for second-year graduate international finance.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 25-01-2003
Christos Papazoglou, Eric Pentecost
Hampshire: Palgrave Macmillan, 2001
This book, based upon a large-scale research project, examines alternative types of exchange rate policies being pursued and the changing nature of exchange rate policy during the transition process in four countries, Slovenia, Bulgaria, Poland and the Czech Republic. The book brings together a series of original contributions by country experts and draws out some common themes and over-arching policy implications for the operation of exchange rate policy in the transition process.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 28-10-2003
This new macroeconomics book deals entirely with open economy macroeconomics, reflecting a concern to understand macroeconomic principles and applications in the context of the open economies of Western Europe and the rest of the world. This book provides a new framework for understanding contemporary macroeconomics theory, policy and applications.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 29-01-2003
Keith Pilbeam
Hampshire: Palgrave Macmillan, 1998
This is the second edition of the internationally renowned textbook for undergraduate and MBA students in international finance, international monetary economics and international economics. It provides a comprehensive coverage of both traditional and modern theories relating to the balance-of-payments and exchange rate determination. Similarities and differences between the major theories are highlighted and each theory is followed by a critical appraisal which examines its contribution, limitations and real world relevance. An evaluation of the empirical evidence on the theories discussed is a major feature of the book.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 11-01-2003
Carmen M. Reinhart, Vincent R. Reinhart
2003
With many emerging market currencies tied to the U.S. dollar either implicitly or explicitly, movements in the exchange values of the currencies of major countries have the potential to influence the competitive position of many developing countries. According to some analysts, establishing target bands to reduce the variability of the G-3 currencies would limit those destabilizing shocks emanating from abroad. This paper examines the argument for such a target zone strictly from an emerging market perspective. Given that sterilized intervention by industrial economies tends to be ineffective and that policy makers show no appetite to return to the controls on international capital flows that helped keep exchange rates stable over the Bretton Woods era, a commitment to damping G-3 exchange rate fluctuations requires a willingness on the part of G-3 authorities to use domestic monetary policy to that end. Under a system of target zones, then, relative prices for emerging market economies may become more stable, but debt-servicing costs may become less predictable. We use a simple trade model to show that the resulting consequences for welfare are ambiguous. Our empirical work supplements the traditional literature on North-South links by examining the importance of the volatilities of G-3 exchange-rates, and U.S. interest rate and consumption on capital flows and economic growth in developing countries over the past thirty years.

Опубликовано на портале: 28-10-2003
This text integrates modern international finance and open economy macroeconomics to provide students with a thorough, accessible, and up-to-date treatment of international finance and economics. The authors offer a dynamic presentation of the concepts that are shaping international economic policy today. The text's policy-orientation makes theory pertinent. By presenting actual examples of the effects of various policies, students see economic theory in practice.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 21-01-2004
Authors develop a model that captures important features of debt crises of the Brazilian type. Its applicability to Brazil lies in the fact that (1) in Brazil the macro fundamentals were sound (e.g., a primary surplus, a relatively low debt/GDP ratio, etc.); and (2) in the Brazilian case the trigger appears to be the forthcoming elections, with an expected regime change.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию

Опубликовано на портале: 30-07-2004
This paper aims at improving our understanding of macro-monetary phenomena in developing countries. Specifically, it analyses a six-variable model of the Dominican Republic by implementing the cointegrating VAR framework, using annual data for the period 1950-1999. The inquiry is able to identify money demand and PPP cointegrating relationships that are economically and statistically sensible, displaying half-life persistence profiles of approximately one and three years, respectively. Additionally, generalised impulse response functions observed after shocking the money demand relation suggest that there is scope for activist monetary policy, while those derived from perturbations to PPP show that real exchange rate depreciations generate both contractionary and inflationary developments.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию

Опубликовано на портале: 29-01-2003
Robert Solomon
Princeton: Princeton University Press, 1999
The international monetary system has changed radically in the last twenty years. Capital, information, goods, and services move around the globe with unprecedented ease. Countries from the former communist bloc have joined the system. Europe is on the verge of monetary union. Financial crises in East Asia and Mexico have rocked the world economy. In this book, Robert Solomon--author of the definitive history of the monetary order between 1945 and 1981--presents the first comprehensive history of these and other aspects of this revolution in international finance. Authoritative, accessible, and elegantly written, the book will be indispensable for anyone who wishes to understand how today's international monetary system works.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 25-10-2003
This book draws together seminal contributions on the nature of macroeconomics in open economies and illuminates the material by using: explanatory introductions to each piece discussion questions suggestions for further reading reference to the key journal articles boxed key terms. This is an essential guide to the subject for students, as commented upon by the most influential commentators.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)