International Finance: Theory and Policy, 11th edition

Published by Pearson (31 March 2017) © 2018

  • Paul R. Krugman The Graduate Center, City University of New York , Princeton University , University of California, Berkeley
  • Maurice Obstfeld University of California, Berkeley
  • Marc Melitz Harvard University

Title overview

International Finance balances coverage of concepts and applications. Detailed discussion of policy follows an intuitive introduction to international finance theory.

Table of contents

Brief Table of Contents

  1. Introduction

Part 1: Exchange Rates and Open-Economy Macroeconomics

  1. National Income Accounting and the Balance of Payments
  2. Exchange Rates and the Foreign Exchange Market: An Asset Approach
  3. Money, Interest Rates, and Exchange Rates
  4. Price Levels and the Exchange Rate in the Long Run
  5. Output and the Exchange Rate in the Short Run
  6. Fixed Exchange Rates and Foreign Exchange Intervention

Part 2: International Macroeconomic Policy

  1. International Monetary Systems: An Historical Overview
  2. Financial Globalization: Opportunity and Crisis
  3. Optimum Currency Areas and the Euro
  4. Developing Countries: Growth, Crisis, and Reform

Mathematical Postscripts

  • Postscript to Chapter 9: Risk Aversion and International Portfolio Diversification

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