Chapter 1 Keeping Up With a Changing World-Trade Flows, Capital Flows, and the Balance of Payments

1. A changing world--trade flows and capital flows

2. The balance of payments system

3. The balance of payments accounts

4. The balance of BOP and the IIP

5. The relationship between CA and CFA

Chapter 1

Chapter 2: The Market for Foreign Exchange

1. Types of exchange rate 1

2. Types of exchange rate 2

3. Types of exchange rate 3

4. Types of exchange rate 4

5. Foreign exchange arbitrage

6. Demand and supply of foreign exchange

7. Theory of PPP

Chapter2

Chapter 3: Exchange Rate Systems, Past to Present

1. Basic concepts

2. International Gold standard

3. Bretton Woods System 1

4. Bretton Woods System 2

5. Exchange rate regimes

Chapter3

Chapter 4: The Forward Currency Market and International Financial Arbitrage

1. Foreign exchange risks

2. Forward market

3. Covered Interest Parity

4. Uncovered Interest Parity

5. Foreign Exchange Market Efficiency

Chapter4

Chapter 5: Interest Yields, Interest Rate Risk, and Derivative Securities

1. Interest yields

2. Term structure and risk structure

3. Breakdowns of UIP and RIP

4. Derivative securities 1: forward contracts and futures

5. Derivative securities 2: options and swaps

Chapter5

Chapter 6: International Banking, Central Banks, and Supranational Financial Policymaking Institutions

1. Global payment and payment-system risk

2. Supranational policymaking institutions

Chapter6

Chapter 7: The International Financial Architecture and Emerging Economies

1. International capital flows

2. Capital market liberalization

3. Exchange rate regimes and financial crises

4. Does the international financial architecture need a redesign

Chapter7

Chapter 8: Traditional Approaches to Exchange-Rate and Balance-Of-Payments Determination

1. Demand for and supply of foreign exchange

2. Elasticities approach

3. Absorption approach

Chapter8

Chapter 9: Monetary and Portfolio Approaches to Exchange-Rate and Balance-of-Payments Determination

1. Central bank's balance sheets

2. foreign exchange interventions

3. Monetary approach

4.Portfolio approach

Chapter9

Chapter 10: An Open Economy Framework

1. The determination of equilibrium real income

2. The IS schedule

3. The LM schedule

4. The IS–LM–BP model

Chapter10

Chapter 11: Economic Policy with Fixed Exchange Rates

1. The objectives of policy

2. The role of capital mobility

3. Fixed exchange rates and imperfect capital mobility

4. Fixed exchange rates and perfect capital mobility

Chapter11

Chapter 12: Economic Policy with Floating Exchange Rates

1. Floating exchange rates and imperfect capital mobility

2. Floating exchange rates and perfect capital mobility

3. The two-country model with floating exchange rates

4. The choice between fixed and floating exchange rates

Chapter12

Chapter 13: The Price Level, Real Output, and Economic Policymaking

1. Monetary policy and aggregate demand

2. Fiscal policy and aggregate demand

3. Aggregate supply

4. Real output, the price level, and economic policymaking

Chapter13

Chapter 14: Domestic Economic Policymaking in a Global Economy

1. Policy assignment

2. Exchange rate overshooting

3. New open economy macroeconomics

Chapter14

Chapter 15: Policy Coordination, Monetary Union, and Target Zones

1. Policy coordination

2. Monetary union

3. Vehicle currencies

4. Target zones

Chapter15