International Finance and Open-Economy Macroeconomics
This book deals with the financial side of international economics and covers all aspects of international finance. There are many books and articles by exponents of alternative points of view. I know of no other book that provides the scope, balance, obj
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Giancarlo Gandolfo
International Finance and Open-Economy Macroeconomics With contributions by Daniela Federici Second Edition
Springer Texts in Business and Economics
More information about this series at http://www.springer.com/series/10099
Giancarlo Gandolfo
International Finance and Open-Economy Macroeconomics Second Edition
With Contributions by Daniela Federici
123
Giancarlo Gandolfo Classe di Scienze Morali Accademia Nazionale dei Lincei Rome, Italy
ISSN 2192-4333 ISSN 2192-4341 (electronic) Springer Texts in Business and Economics ISBN 978-3-662-49860-6 ISBN 978-3-662-49862-0 (eBook) DOI 10.1007/978-3-662-49862-0 Library of Congress Control Number: 2016945040 © Springer-Verlag Berlin Heidelberg 2002, 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer-Verlag GmbH Berlin Heidelberg
To the memory of my father Edgardo Gandolfo
Preface
Following standard practice in international economics, I have always treated the theory of international trade separately from international finance, thus writing my International Economics textbook as a two-volume course (Vol. 1 on the theory of international trade and Vol. 2 on international monetary theory). This text had two editions, several reprints, and translations in other languages. However, the different pace of the revisions of the two volumes suggested to make them self-contained and independent from each other. The volume covering trade was published in 1998 (second edition 2014) under the title International Trade Theory and Policy. This is the second edition of the volume covering international finance (the first edition was published in 2001). This new edition contains a wealth of additional material that has been introduced thanks to the suggestions of colleagues and students and to the comments contained in book reviews. All has been thoroughly classroom tested in both undergraduate and
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