Global imbalances, exchange rates and stabilization policy /
[Book]
Anthony J. Makin.
New York, NY :
Palgrave Macmillan,
2009.
xiii, 200 pages :
illustrations ;
23 cm
Includes bibliographical references and index.
Introduction -- The global economy and external imbalances -- Global imbalances and exchange rates -- External imbalances and national income -- Capital mobility and national income -- External imbalances, exchange rates and interest rates -- Money, exchange rates and the balance of payments -- Stabilisation policy, interest rates and national income -- Monetary policy and the real exchange rate -- Select stabilisation policy issues -- Epilogue.
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This book analyzes key international monetary issues from a macro-foundations perspective. It proposes novel frameworks to interpret macroeconomic and financial linkages for globally integrated economies, examining global imbalances, exchange rates, interest rates, international capital flows, inflation, foreign and public debt.