||||‘For too long, standard macroeconomics texts have largely reflected the Keynesian legacy of a closed economy approach. But the world has changed and the international flows of goods, services, people and capital are a dominant feature of the modern
This textbook focuses on key international monetary and financial phenomena, exploring the determinants of exchange rates, international competitiveness, interest rates, saving, investment, international capital flows, commodity prices, the terms of trade, financial crises, foreign investment and economic growth. The text enhances understanding of international money and finance by providing background on globalisation and characteristics of the world economy, as wel...
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