International Banking Trade and Public Finance

Contents: Preface. I. Money and banking: Introduction. 1. The nature of barter and monetary economics. 2. Monetary slandered. 3. The money supply. 4. Gold and the economy. 5. The demod for money. 6. Value of money. 7. The income theory of money. 8. Theory of interest. 9. Commercial banking. 10. Banking in India. II. International theory policy and finance: 11. International trade. 12. The balance of payment. 13. Exchange control. 14. Euro dollar market. 15. The world trade organization. III. Public finance: 16. Federal finance. 17. Fiscal policy. 18. Public debit. 19. Public expenditure. Bibliography. Index.

International Finance Theory and Policy develops a unified model of the international macro economy students need to learn how economic models are applied to real world problems. The text provides detailed descriptions of major macroeconomic variables, covers the interest rate parity and purchasing power parity theories of exchange rate determination, takes an exhaustive look at the pros and cons of trade imbalances. The models are developed, not by employing advanced mathematics, but rather by walking students through a detailed description of how a model’s assumptions influence its conclusions. But more importantly each model and theory is connected to real world policy issues. The finance text has the following unique features: o begins with an historical overview of the international macro economy to provide context for the theory. (jacket)