Publisher's Synopsis
International Finance And Global Macroeconomics is aninnovative text that offers an integrative modern treatment of internationalfinance from an angle of open economymacroeconomics. The style followed in the book is clear and accessible and it ismost suitable for first year graduate course in global macroeconomics as well aschapters written with frontier of knowledge in mind and significant amount ofresearch materials have been incorporated wherever they are found relevant. Theempirical evidence has been used from Indian perspective. The topic coverageincludes world financial architecture, foreign exchange markets with all thedynamics, open economy models and their implications with international capitalmobility and convergence of interest rates, budget deficits, inflation andseigniorage, dollarization and foreign direct investment. The areas are full ofcontroversy but an attempt is made to give an objective view of the theories sothat students can form their own ideas.
