International economics : theory and policy (Record no. 12534)
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000 -LEADER | |
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fixed length control field | 10496nam a2200265 a 4500 |
020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
ISBN | 0321033876 |
020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
ISBN | 9780321033871 |
020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
ISBN | 9788178080796 |
020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
ISBN | 8178080796 |
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
Classification number | 337 |
Item number | KRU |
100 ## - MAIN ENTRY--AUTHOR NAME | |
Personal name | Krugman, Paul R. : |
245 ## - TITLE STATEMENT | |
Title | International economics : theory and policy |
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
Place of publication | Delhi : |
Name of publisher | Addison Wesley Longman., |
Year of publication | 2000. |
300 ## - PHYSICAL DESCRIPTION | |
Number of Pages | xxx, 750 p. : |
Other physical details | illustrations ; |
500 ## - GENERAL NOTE | |
General note | Included Index. |
505 ## - FORMATTED CONTENTS NOTE | |
Formatted contents note | International Economics: Trade and Money 8 --<br/>Part I International Trade Theory 9 --<br/>2 Labor Productivity and Comparative Advantage: The Ricardian Model 11 --<br/>Concept of Comparative Advantage 12 --<br/>A One-Factor Economy 13 --<br/>Trade in a One-Factor World 15 --<br/>Misconceptions about Comparative Advantage 23 --<br/>Box: Do Wages Reflect Productivity? 25 --<br/>Comparative Advantage with Many Goods 26 --<br/>Adding Transport Costs and Nontraded Goods 30 --<br/>Empirical Evidence on the Ricardian Model 31 --<br/>3 Specific Factors and Income Distribution 37 --<br/>Specific Factors Model 38 --<br/>Box: What Is a Specific Factor? 39 --<br/>International Trade in the Specific Factors Model 49 --<br/>Income Distribution and the Gains from Trade 53 --<br/>Political Economy of Trade: A Preliminary View 56 --<br/>Box: Specific Factors and the Beginnings of Trade Theory 58 --<br/>Appendix Further Details on Specific Factors 62 --<br/>4 Resources and Trade: The Heckscher-Ohlin Model 66 --<br/>A Model of a Two-Factor Economy 67 --<br/>Effects of International Trade Between Two-Factor Economies 75 --<br/>Case Study: North-South Trade and Income Inequality 79 --<br/>Empirical Evidence on the Heckscher-Ohlin Model 81 --<br/>Appendix Factor Prices, Goods Prices, and Input Choices 88 --<br/>5 Standard Trade Model 92 --<br/>A Standard Model of a Trading Economy 93 --<br/>Case Study: Has the Growth of Newly Industrializing Countries Hurt Advanced Nations? 102 --<br/>International Transfers of Income: Shifting the RD Curve 103 --<br/>Case Study: The Transfer Problem and the Asian Crisis 107 --<br/>Tariffs and Export Subsidies: Simultaneous Shifts in RS and RD 108 --<br/>Appendix Representing International Equilibrium with Offer Curves 116 --<br/>6 Economies of Scale, Imperfect Competition, and International Trade 119 --<br/>Economies of Scale and International Trade: An Overview 119 --<br/>Economies of Scale and Market Structure 121 --<br/>Theory of Imperfect Competition 122 --<br/>Monopolistic Competition and Trade 131 --<br/>Case Study: Intraindustry Trade in Action: The North American Auto Pact of 1964 140 --<br/>Dumping 141 --<br/>Case Study: Antidumping as Protectionism 144 --<br/>Theory of External Economies 146 --<br/>External Economies and International Trade 149 --<br/>Box: Tinseltown Economics 152 --<br/>Appendix Determining Marginal Revenue 157 --<br/>7 International Factor Movements 159 --<br/>International Labor Mobility 160 --<br/>Case Study: Wage Convergence in the Age of Mass Migration 164 --<br/>Case Study: Immigration and the U.S. Economy 165 --<br/>International Borrowing and Lending 167 --<br/>Direct Foreign Investment and Multinational Firms 169 --<br/>Box: Does Capital Movement to Developing Countries Hurt Workers in High-Wage Countries? 170 --<br/>Case Study: Foreign Direct Investment in the United States 175 --<br/>Box: Japan in the Entertainment Business 177 --<br/>Appendix More on Intertemporal Trade 181 --<br/>Part II International Trade Policy 185 --<br/>8 Instruments of Trade Policy 187 --<br/>Basic Tariff Analysis 187 --<br/>Costs and Benefits of a Tariff 193 --<br/>Other Instruments of Trade Policy 197 --<br/>Case Study: Europe's Common Agricultural Policy 199 --<br/>Case Study: An Import Quota In Practice: U.S. Sugar 201 --<br/>Case Study: A Voluntary Export Restraint in Practice: Japanese Autos 204 --<br/>Box: American Buses, Made in Hungary 205 --<br/>Effects of Trade Policy: A Summar 206 --<br/>Appendix I Tariff Analysis in General Equilibrium 210 --<br/>Appendix II Tariffs and Import Quotas in the Presence of Monopoly 214 --<br/>9 Political Economy of Trade Policy 218 --<br/>Case for Free Trade 218 --<br/>Case Study: The Gains from 1992 221 --<br/>National Welfare Arguments Against Free Trade 223 --<br/>Box: Market Failures Cut Both Ways: The Case of California 228 --<br/>Income Distribution and Trade Policy 229 --<br/>International Negotiations and Trade Policy 233 --<br/>Box: Environmentalism or Protectionism 237 --<br/>Box: Free Trade Area Versus Customs Union 242 --<br/>Box: Do Trade Preferences Have Appeal 244 --<br/>Case Study: Trade Diversion in South America 244 --<br/>Appendix Proving that the Optimum Tariff Is Positive 250 --<br/>10 Trade Policy in Developing Countries 254 --<br/>Import-Substituting Industrialization 255 --<br/>Case Study: The End of Import Substitution in Chile 259 --<br/>Problems of the Dual Economy 262 --<br/>Case Study: Economic Dualism in India 263 --<br/>Export-Oriented Industrialization: The East Asian Miracle 266 --<br/>Box: China's Boom 269 --<br/>11 Strategic Trade Policies in Advanced Countries 275 --<br/>Do Nations Compete? 275 --<br/>Sophisticated Arguments for Strategic Trade Policy 279 --<br/>Strategic Trade Policy in Practice 285 --<br/>Box: An Initiative That Fell Flat 288 --<br/>Case Studies of Strategic Trade Policies 289 --<br/>Case Study: Japanese Targeting of Steel (1960-Early 1970s) 290 --<br/>Case Study: European Support of Aircraft 291 --<br/>Case Study: Japanese Targeting of Semiconductors (since the Mid-1970s) 292 --<br/>Part III Exchange Rates and Open-Economy Macroeconomics 297 --<br/>12 National Income Accounting and the Balance of Payments 299 --<br/>National Income Accounts 300 --<br/>National Income Accounting for an Open Economy 304 --<br/>Case Study: Do Government Budget Deficits Worsen the Current Account? 311 --<br/>Balance of Payment Accounts 313 --<br/>Box: The Mystery of the Missing Surplus 319 --<br/>Case Study: Is the United States the World's Biggest Debtor? 321 --<br/>13 Exchange Rates and the Foreign Exchange Market: An Asset Approach 329 --<br/>Exchange Rates and International Transactions 330 --<br/>Foreign Exchange Market 333 --<br/>Box: A Tale of Two Dollars 334 --<br/>Demand for Foreign Currency Assets 339 --<br/>Equilibrium in the Foreign Exchange Market 346 --<br/>Interest Rates, Expectations, and Equilibrium 352 --<br/>Box: The Perils of Forecasting Exchange Rates 354 --<br/>Appendix Forward Exchange Rates and Covered Interest Parity 360 --<br/>14 Money, Interest Rates, and Exchange Rates 363 --<br/>Money Defined: A Brief Review 364 --<br/>Demand for Money by Individuals 365 --<br/>Aggregate Money Demand 367 --<br/>Equilibrium Interest Rate: The Interaction of Money Supply and Demand 368 --<br/>Money Supply and the Exchange Rate in the Short Run 373 --<br/>Money, the Price Level, and the Exchange Rate in the Long Run 378 --<br/>Box: Inflation and Money-Supply Growth in Latin America 383 --<br/>Inflation and Exchange Rate Dynamics 384 --<br/>Box: Money Supply Growth and Hyperinflation in Bolivia 386 --<br/>15 Price Levels and the Exchange Rate in the Long Run 394 --<br/>Law of One Price 395 --<br/>Purchasing Power Parity 395 --<br/>A Long-Run Exchange Rate Model Based on PPP 398 --<br/>Empirical Evidence on PPP and the Law of One Price 406 --<br/>Box: Some Meaty Evidence on the Law of One Price 408 --<br/>Explaining the Problems with PPP 410 --<br/>Box: Hong Kong's Surprisingly High Inflation 412 --<br/>Case Study: Why Price Levels Are Lower in Poorer Countries 415 --<br/>Beyond Purchasing Power Parity: A General Model of Long-Run Exchange Rates 416 --<br/>Case Study: Why Does the Yen Keep Rising? 423 --<br/>International Interest Rate Differences and the Real Exchange Rate 425 --<br/>Real Interest Parity 427 --<br/>Appendix Fisher Effect, the Interest Rate, and the Exchange Rate under the Flexible-Price Monetary Approach 434 --<br/>16 Output and the Exchange Rate in the Short Run 437 --<br/>Determinants of Aggregate Demand in an Open Economy 438 --<br/>Equation of Aggregate Demand 441 --<br/>How Output Is Determined in the Short Run 442 --<br/>Output Market Equilibrium in the Short Run: The DD Schedule 443 --<br/>Asset Market Equilibrium in the Short Run: The AA Schedule 449 --<br/>Short-Run Equilibrium for an Open Economy: Putting the DD and AA Schedules Together 452 --<br/>Temporary Changes in Monetary and Fiscal Policy 454 --<br/>Inflation Bias and Other Problems of Policy Formulation 459 --<br/>Permanent Shifts in Monetary and Fiscal Policy 460 --<br/>Macroeconomic Policies and the Current Account 465 --<br/>Gradual Trade Flow Adjustment and Current Account Dynamics 466 --<br/>Box:4 Korea's Trade Balance and the Won's Exchange Rate 469 --<br/>Appendix I Is-LM Model and the DD-AA Model 474 --<br/>Appendix II Intertemporal Trade and Consumption Demand 479 --<br/>Appendix III Marshall-Lerner Condition and Empirical Estimates of Trade Elasticities 481 --<br/>17 Fixed Exchange Rates and Foreign Exchange Intervention 485 --<br/>Why Study Fixed Exchange Rates? 485 --<br/>Central Bank Intervention and the Money Supply 486 --<br/>How the Central Bank Fixes the Exchange Rate 494 --<br/>Stabilization Policies with a Fixed Exchange Rate 497 --<br/>Balance of Payments Crises and Capital Flight 502 --<br/>Managed Floating and Sterilized Intervention 505 --<br/>Box: Mexico's 1994 Balance of Payments Crisis 506 --<br/>Reserve Currencies in the World Monetary System 511 --<br/>Gold Standard 513 --<br/>Appendix I Equilibrium in the Foreign Exchange Market with Imperfect Asset Substitutability 521 --<br/>Appendix II Monetary Approach to the Balance of Payments 524 --<br/>Appendix III Timing of Balance of Payments Crises 526 --<br/>Part IV International Macroeconomic Policy 531 --<br/>18 International Monetary System, 1870-1973 533 --<br/>Macroeconomic Policy Goals in an Open Economy 534 --<br/>International Macroeconomic Policy under the Gold Standard, 1870-1914 538 --<br/>Box: Hume Versus the Mercantilists 542 --<br/>Interwar Years, 1918-1939 542 --<br/>Case Study: The International Gold Standard and the Great Depression 545 --<br/>Bretton Woods System and the International Monetary Fund 546 --<br/>Internal and External Balance under the Bretton Woods System 549 --<br/>Analyzing Policy Options under the Bretton Woods System 551 --<br/>External Balance Problem of the United States 556 --<br/>Case Study: The Decline and Fall of the Bretton Woods System 557 --<br/>Worldwide Inflation and the Transition to Floating Rates 561. |
520 ## - SUMMARY, ETC. | |
Summary, etc | Krugman and Obstfeld provide a unified model of open-economy macroeconomics based upon an asset-market approach to exchange rate determination with a central role for expectations. |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical Term | International economic relations. |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical Term | International finance. |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical Term | Real foreign trade theory |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical Term | International credit market |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical Term | Foreign Trade Policy |
700 ## - ADDED ENTRY--PERSONAL NAME | |
Personal name | Obstfeld, Maurice : |
942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
Koha item type | Reference Books |
Collection code | Home library | Current library | Shelving location | Date acquired | Source of acquisition | Cost, normal purchase price | Full call number | Accession Number | Koha item type |
---|---|---|---|---|---|---|---|---|---|
Reference | Main Library | Main Library | Reference | 04/03/2004 | Purchased | 987.50 | 337 KRU | 008517 | Reference Books |
Reference | Main Library | Main Library | Stacks | 12/03/2004 | Purchased | 1029.00 | 337 KRU | 008624 | Lending Books |