Global Finance and the Macroeconomy

1. Front Matter

   Pages i-xiii

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2. Evolution of the International Financial System

   • A. J. Makin

   Pages 1-15

3. Accounting and Measurement Issues

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   Pages 17-40

4. Early Balance of Payments Models

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   Pages 41-60

5. Intertemporal Trade, Capital Mobility and Interest Rates

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   Pages 61-84

6. Financial Flows, Interest Rates and Exchange Rates

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   Pages 85-106

7. Macroeconomic Policy in the Open Economy

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   Pages 107-126

8. Money, Expenditure and External Adjustment

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   Pages 127-146

9. Foreign Capital and Economic Growth

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   Pages 147-167

10. Financial Globalisation and Emerging Market Crises

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    Pages 169-181

11. Back Matter

    Pages 183-202

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This book provides new ways of analyzing the key issues in international finance and open economy macroeconomics. The topics covered include: financial globalization and the evolution of the international financial system; international macroeconomic accounting and measurement; early balance of payments approaches; the intertemporal model of international borrowing and lending; the significance of external deficits; the determinants of interest rate differentials and exchange rates; the effectiveness of monetary and fiscal policies; capital mobility and economic growth; and the causes of financial crisis in emerging economies.

• economic growth
• economic policy
• exchange rates
• globalization
• growth
• interest rates
• international finance
• macroeconomics
• money

• University of Queensland, Brisbane, Australia

  A. J. Makin

A.J. MAKIN is Professor of Economics at Griffith University, Australia. He has authored numerous articles on international monetary economics and public policy for academic journals.

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