Uing financial crisis to industrial countries as well including the use of a nominal interest rate as a main policy instrument relative merits of flexible and
Predetermined Rate Regimesexchange regimes the of real anchors Finally the book analyzes in detail specific topics such as inflation stabilization dollarization balance of payments crises and inspired by recent events financial crises Each chapter includes boxes with relevant empirical evidence and ends with exercises The book is suitable for use in graduate courses in development economics international finance and macroeconomics.
Carlos A. Végh ê 7 reviewErms of simple models and The Fundamentals Of Open the fundamentals of open macroeconomicsAfter the standard intertemporal small open economy model the book introduces frictions such as imperfect capital markets intertemporal distortions and nontradable goods into the basic model in order to
shed light on the economy's response to different shocks The booklight on the economy's response to different shocks The book introduces money into the model to analyze the real effects of monetary and exchange rate policy It then applies these theoretical tools to a variety of important macroeconomic issues relevant to developing countries and in a world of contin. A comprehensive and rigorous text that shows how a basic open economy model can be extended to
answer important macroeconomic uestions that arise in emerging marketsThis rigorous and comprehensive textbookimportant macroeconomic uestions that arise in emerging marketsThis rigorous and comprehensive textbook a basic small open economy model and shows how it can be extended to answer
many important macroeconomic uestions that arise in emerging markets and developing economies particularly those regarding monetaryimportant macroeconomic uestions that arise in emerging markets and developing economies particularly those regarding monetary and exchange rate issues Eschewing the complex calibrated models on which the
Field Of International Finance Increasinglyof international finance increasingly the book teaches the reader how to think in ,
Carlos A. Végh