Open-Economy Monetary Economics [Paperback]

The financial markets have turned open-economy monetary economics on its head. This book explains the implications of these developments for theory and policy in the practices of the 1980s and 1990s, aiming to escape from the Keynsesian modes of thought and expression.A study guide to the book; the accounting framework and extensions; topics in open-economy mechanisms - interest parity, overshooting and Euro-currency markets; theory of policy in open economies, with applications; some typically Keynsian exercises in open-economy modelling; exchange-rate and liquidity regimes; neoclassical foundations of open-economy macroeconomics; pure theory of the gold standard - commodity money in classical economics; monetary theories of balances of payment and exchange-rate fluctuations; monetary theory in innovated open economies.