Chapter 1. An Overview of the Book.
Chapter 2. Open-Economy Macroeconomic Accounting.
Chapter 3. Macroeconomic Influences on the Foreign Exchange Market.
Appendix 3.1 Properties of Logarithms.
Chapter 4. The Macroeconomic Framework.
Appendix 4.1 The Marshall-Lerner Condition.
Appendix 4.2 The Framework in Log-Linear Form.
Chapter 5. The Classical Gold Standard.
Chapter 6. Gold Standard Macroeconomics.
Appendix 6.1 The Gold Standard with Zero Capital Mobility.
Chapter 7. The Bretton Woods System.
Chapter 8. Macroeconomics under Soft Pegs and Imperfect Capital Mobility.
Appendix 8.1 Alternative Monetary Policy Regimes.
Chapter 9. Fixed Exchange Rates in a Financially Integrated World: Currency Crises and "Hard" Pegs.
Appendix 9.1 The Monetary Approach to the Balance of Payments (MABP).
Chapter 10. Floating Exchange Rates I: Transitory Shocks.
Appendix 10.1 The Asset Market Approach to the Exchange Rate.
Appendix 10.2 Algebraic Solution of the Log-linear Model.
Appendix 10.3 Interest Rate Targeting under Floating Exchange Rates.
Chapter 11. Floating Exchange Rates II: Intermediate and Permanent Shocks.
Chapter 12. Floating Exchange Rates III: Exchange Rate Dynamics.
Appendix 12.1 Proof that (St+1 / St) (Sbar / St) = lambda.
Chapter 13. Long-Run Equilibrium under Floating Exchange Rates.
Appendix 13.1 The Long Run Floating Rate Model in Log-Linear Form.
Appendix 13.2 Fixed Exchange Rates in the Long Run.
Chapter 14. Floating Exchange Rates with Short-Run Price Flexibility*.
Chapter 15. Choosing an Exchange Rate Regime.
Chapter 16.The International Financial Architecture.
Chapter 17. G-8 Policy Coordination.
Chapter 18. Monetary Unification.
Chapter 19. Intertemporal Issues in International Macroeconomics.
International Macroeconomics provides students with an analytically rigorous introduction to the impact of globalization on macroeconomics.
* Presents an analytically rigorous introduction to the field and uniquely includes optional econometric studies
* Provides a unified macroeconomic model to examine rigorously international macroeconomics and then focuses this model on historic cases, institutions, and specific countries, dealing with various types of macroeconomic crises
* Provides a strong policy orientation by an author who worked for many years at the IMF
* Is supported by a website with extensive solutions for the problem sets, PowerPoint slides, and an update on the 08-09 meltdown