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BMT 2630: International Finance - Theory and Policy

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BMT 2630: International Finance - Theory and Policy

This text provides future managers with the basic skills and knowledge necessary for transition into the world of international business.

Business
Author
Elijah Cooks
Publisher
Prince George's Community College
Source
LibreTexts
License
CC BY-NC-SA
Language
EN
Category
Economics
Read online Download PDF (open licence)
Contents· 117 sections
  1. 01: Introductory Finance Issues- Current Patterns Past History and International Institutions
  2. 1.01: The International Economy and International Economics
  3. 1.02: GDP Unemployment Inflation and Government Budget Balances
  4. 1.03: Exchange Rate Regimes Trade Balances and Investment Positions
  5. 1.04: Business Cycles- Economic Ups and Downs
  6. 1.05: International Macroeconomic Institutions- The IMF and the World Bank
  7. 02: National Income and the Balance of Payments Accounts
  8. 2.01: National Income and Product Accounts
  9. 2.02: National Income or Product Identity
  10. 2.03: U.S. National Income Statistics (20072008)
  11. 2.04: Balance of Payments Accounts- Definitions
  12. 2.05: Recording Transactions on the Balance of Payments
  13. 2.06: U.S. Balance of Payments Statistics (2008)
  14. 2.07: The Twin-Deficit Identity
  15. 2.08: International Investment Position
  16. 03: The Whole Truth about Trade Imbalances
  17. 3.01: Overview of Trade Imbalances
  18. 3.02: Trade Imbalances and Jobs
  19. 3.03: The National Welfare Effects of Trade Imbalances
  20. 3.04: Some Further Complications
  21. 3.05: How to Evaluate Trade Imbalances
  22. 04: Foreign Exchange Markets and Rates of Return
  23. 4.01: The Forex- Participants and Objectives
  24. 4.02: Exchange Rate- Definitions
  25. 4.03: Calculating Rate of Returns on International Investments
  26. 4.04: Interpretation of the Rate of Return Formula
  27. 4.05: Applying the Rate of Return Formulas
  28. 05: Interest Rate Parity
  29. 5.01: Overview of Interest Rate Parity
  30. 5.02: Comparative Statics in the IRP Theory
  31. 5.03: Forex Equilibrium with the Rate of Return Diagram
  32. 5.04: Exchange Rate Equilibrium Stories with the RoR Diagram
  33. 5.05: Exchange Rate Effects of Changes in U.S. Interest Rates Using the RoR Diagram
  34. 5.06: Exchange Rate Effects of Changes in Foreign Interest Rates Using the RoR Diagram
  35. 5.07: Exchange Rate Effects of Changes in the Expected Exchange Rate Using the RoR Diagram
  36. 06: Purchasing Power Parity
  37. 6.01: Overview of Purchasing Power Parity (PPP)
  38. 6.02: The Consumer Price Index (CPI) and PPP
  39. 6.03: PPP as a Theory of Exchange Rate Determination
  40. 6.04: Problems and Extensions of PPP
  41. 6.05: PPP in the Long Run
  42. 6.06: Overvaluation and Undervaluation
  43. 6.07: PPP and Cross-Country Comparisons
  44. 07: Interest Rate Determination
  45. 7.01: Overview of Interest Rate Determination
  46. 7.02: Some Preliminaries
  47. 7.03: What Is Money
  48. 7.04: Money Supply Measures
  49. 7.05: Controlling the Money Supply
  50. 7.06: Money Demand
  51. 7.07: Money Functions and Equilibrium
  52. 7.08: Money Market Equilibrium Stories
  53. 7.09: Effects of a Money Supply Increase
  54. 7.10: Effect of a Price Level Increase (Inflation) on Interest Rates
  55. 7.11: Effect of a Real GDP Increase (Economic Growth) on Interest Rates
  56. 7.12: Integrating the Money Market and the Foreign Exchange Markets
  57. 7.13: Comparative Statics in the Combined Money-Forex Model
  58. 7.14: Money Supply and Long-Run Prices
  59. 08: National Output Determination
  60. 8.01: Overview of National Output Determination
  61. 8.02: Aggregate Demand for Goods and Services
  62. 8.03: Consumption Demand
  63. 8.04: Investment Demand
  64. 8.05: Government Demand
  65. 8.06: Export and Import Demand
  66. 8.07: The Aggregate Demand Function
  67. 8.08: The Keynesian Cross Diagram
  68. 8.09: Goods and Services Market Equilibrium Stories
  69. 8.10: Effect of an Increase in Government Demand on Real GNP
  70. 8.11: Effect of an Increase in the U.S. Dollar Value on Real GNP
  71. 8.12: The J-Curve Effect
  72. 09: Central Bank Form and Function
  73. 9.01: Americas Central Banks
  74. 9.02: The Federal Reserve Systems Structure
  75. 9.03: Other Important Central Banks
  76. 9.04: Central Bank Independence
  77. 9.05: Suggested Reading
  78. 10: Inflation and Money
  79. 10.01: Empirical Evidence of a Money-Inflation Link
  80. 10.02: Why Have Central Bankers So Often Gotten It Wrong
  81. 10.03: Suggested Reading
  82. 11: The AA-DD Model
  83. 11.01: Overview of the AA-DD Model
  84. 11.02: Derivation of the DD Curve
  85. 11.03: Shifting the DD Curve
  86. 11.04: Derivation of the AA Curve
  87. 11.05: Shifting the AA Curve
  88. 11.06: Superequilibrium- Combining DD and AA
  89. 11.07: Adjustment to the Superequilibrium
  90. 11.08: AA-DD and the Current Account Balance
  91. 12: Policy Effects with Floating Exchange Rates
  92. 12.01: Overview of Policy with Floating Exchange Rates
  93. 12.02: Monetary Policy with Floating Exchange Rates
  94. 12.03: Fiscal Policy with Floating Exchange Rates
  95. 12.04: Expansionary Monetary Policy with Floating Exchange Rates in the Long Run
  96. 12.05: Foreign Exchange Interventions with Floating Exchange Rates
  97. 13: Fixed Exchange Rates
  98. 13.01: Overview of Fixed Exchange Rates
  99. 13.02: Fixed Exchange Rate Systems
  100. 13.03: Interest Rate Parity with Fixed Exchange Rates
  101. 13.04: Central Bank Intervention with Fixed Exchange Rates
  102. 13.05: Balance of Payments Deficits and Surpluses
  103. 13.06: Black Markets
  104. 14: Policy Effects with Fixed Exchange Rates
  105. 14.01: Overview of Policy with Fixed Exchange Rates
  106. 14.02: Monetary Policy with Fixed Exchange Rates
  107. 14.03: Fiscal Policy with Fixed Exchange Rates
  108. 14.04: Exchange Rate Policy with Fixed Exchange Rates
  109. 14.05: Reserve Country Monetary Policy under Fixed Exchange Rates
  110. 14.06: Currency Crises and Capital Flight
  111. 14.07: Case Study - The Breakup of the Bretton Woods System 1973
  112. 15: Fixed versus Floating Exchange Rates
  113. 15.01: Overview of Fixed versus Floating Exchange Rates
  114. 15.02: Exchange Rate Volatility and Risk
  115. 15.03: Inflationary Consequences of Exchange Rate Systems
  116. 15.04: Monetary Autonomy and Exchange Rate Systems
  117. 15.05: Which Is Better- Fixed or Floating Exchange Rates