International economics
By: SPJ du Plessis
Publisher: Butterworth
Published: 1987
Place of publication: Durban, South Africa
Language: eng
Number of pages: 366
ISBN-13: 9781483105758; 9780409104905
Subjects: International economic relations; BUSINESS & ECONOMICS; International; Economics; General
Description: International Economics covers the study of international economics and its theories. The book discusses the monetary theory and the pure theory of international trade. Under the former theory, the topics tackled are the transfer of money between countries or foreign exchange operations; the mechanism of international payments; and the actual determination of exchange rates.
Notes: Includes index.
Table of contents: title: Front Cover; International Economics; Copyright Page; Preface; Table of Contents; Chapter 1. The study of international economics; PART 1: The monetary theory of international trade; Chapter 2. Transferring money between countries; 2.1 Introduction; 2.2 The nature of an exchange rate; 2.3 The quotation of foreign exchange rates; 2.4 The mechanism of international payments; Chapter 3. Determining foreign exchange rates; 3.1 Introduction; 3.2 A demand and supply model of the market for foreign exchange; 3.3 Orderly cross rates; 3.4 Forward exchange rates; 3.5 Leads and lags.; title: Chapter 4. Exchange rate systems4.1 Introduction; 4.2 Description of exchange rate systems; 4.3 Floating versus fixed rates; 4.4 Exchange rates in South Africa; Chapter 5. The balance of payments; 5.1 Introduction; 5.2 Definitions and classifications; 5.3 Some sample transactions; 5.4 Alternative concepts of balance; 5.5 The concept of an overall deficit or surplus in the balance of payments; 5.6 South Africa's balance of payments; Chapter 6. Balance of payments adjustment: monetary and fiscal policies; 6.1 Introduction; 6.2 Automatic adjustments; 6.3 National income analysis.; title: 6.4 National income policies and the balance of payments6.5 Conflicts between policy goals; 6.6 Selective monetary and fiscal policies; Chapter 7. Balance of payments adjustment: exchange rate policy; 7.1 Introduction; 7.2 Devaluation: the elasticities approach; 7.3 Devaluation: the absorption approach; 7.4 Devaluation: a monetarist approach; 7.5 The use of monetary, fiscal and exchange rate policies in pursuing internal and external balance; 7.6 Exchange rate forecasting; 7.7 Freely floating exchange rates; Chapter 8. International monetary reserves; 8.1 Introduction.; title: 8.2 The period 1900-19458.3 The International Monetary Fund1, 1945-1971; 8.4 The period since 1971; 8.5 The Eurocurrency market; PART II: The pure theory of international trade; Chapter 9. Why nations trade: the classical theory; 9.1 Introduction; 9.2 The mercantilists; 9.3 The law of comparative advantage; 9.4 The role of money; 9.5 Criticism of the classical theory; Chapter 10. Why nations trade: the modern theory; 10.1 Introduction; 10.2 Some preliminary concepts; 10.3 The possibilities of trade with increasing costs; 10.4 Determination of the terms of trade: offer curve analysis.; title: 10.5 Trade with constant costs10.6 Trade with decreasing costs; Chapter 11. The basis of trade; 11.1 Introduction; 11.2 The Ricardian explanation; 11.3 The Heckscher-Ohlin theory; 11.4 The Leontief paradox; Chapter 12. Trade theory: new approaches and extensions; 12.1 Introduction; 12.2 New approaches to trade theory; 12.3 Extensions to trade theory; Chapter 13. Trade under changing conditions; 13.1 Introduction; 13.2 Changes in factor endowments and technology; 13.3 Multinational corporations and direct foreign investment; Chapter 14. Government intervention in trade; 14.1 Introduction.