International Finance and Open-Economy Macroeconomics

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This rigorous textbook simplifies complex models, making them accessible to students at various levels. Its unique two-tier structure appeals to undergraduates, graduates, and researchers, focusing primarily on graphic analysis and elementary algebra for undergraduate students. Each chapter includes a mathematical appendix that delves into topics suitable for advanced students and explores generalizations or cutting-edge research not covered in the main text. The thoroughly revised edition reflects the latest research in international finance, addressing all aspects of the field. Unlike other works that present alternative viewpoints, this book offers unmatched scope, balance, objectivity, and rigor. This second edition updates the original volume from 2001, organized as a two-books-in-one format, with the main text catering to undergraduates and the appendices addressing advanced topics in international finance and macroeconomics. It includes discussions on empirical testing and references to the extensive literature. This book is an essential resource for serious scholars in international finance and serves as a comprehensive material source for high-quality courses. Renowned for his clarity and scope, the author’s two-tier approach effectively bridges basic concepts and rigorous mathematics, making it ideal for advanced undergraduate and graduate classes.