*We are the Amazon Partner and students can purchase the books shown on this page. We are also providing an authentic solution manual, formulated by our SMEs, for the same.For courses in international finance A balanced approach to theory and policy applications international finance: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the discipline. An intuitive introduction to international finance theory is followed by detailed coverage of policy applications. With this new tenth edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for international finance courses. This program provides a better teaching and learning experience?for you and your students. It will help you to: ? Personalize learning with MyEconLab: This online homework, tutorial, and assessment program fosters learning and provides tools that help instructors to keep students on track. ? Reveal theory and applications of international finance: Balanced coverage of theory and applications aids student retention and highlights the relevance of course material. ? Give students learning tools to master course material: Numerous in-text learning resources engage students and encourage further exploration of course topics. ? Provide the most updated coverage: Thoroughly updated content ensures that students are up to date on key issues. Note: If you are purchasing the standalone text or electronic version, MyEconLab does not come automatically packaged with the text. To purchase MyEconLab please visit www.myeconlab.com or you can purchase a package of the physical text + MyEconLab by searching for 0133826678 / 9780133826678. MyEconLab is not a self-paced technology and should only be purchased when required by an instructor. Sample questions asked in the 10th edition of international finance: Suppose the central bank of a small country with a fixed exchange rate is faced by a rise in the world interest rate, R* . What is the effect on its foreign reserve holdings? On its money supply? Can it offset either of these effects through domestic open-market operations? Britain belongs to the EU, but it has not yet adopted the euro, and fierce debate rages over the issue. a. Find macro data on the British economy?s performance since 1998 (inflation, unemployment, real GDP growth) and compare these with euro zone data. b. What were nominal interest rates in Britain and the euro zone after 1998? How would Britain have fared if the ECB had been setting Britain?s nominal interest rate at the euro zone level and the pound sterling?s euro exchange rate had been fixed? Suppose interest parity does not hold exactly, but the true relationship is , where ? is a term measuring the differential riskiness of domestic versus foreign deposits. Suppose a permanent rise in domestic government spending, by creating the prospect of future government deficits, also raises ?, that is, makes domestic currency deposits more risky. Evaluate the policy?s output effects in this situation.
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