World trade and payments : an introduction / by Richard E. Caves, Jeffrey A. Frankel and Ronald W. Jones

Includes index

Basic model of international trade Commodity trade Expanded gains from trade with resource movements Applications and interpretations Trade patterns, income distribution, and growth Technology and productivity: the Ricardian trade model Trade and local income distribution: the specific factor models Factor endowments and trade: the 2*2 Heckscherohlin model Trade, growth and product variety Trade in intermediate goods and factors of production Commercial policy Protection and the national welfare The political economy of protection Trade policy and imperfect competition Trade controls in practice Preferential arrangements and regional issues in trade policy Money, income, and the balance of payments The foreign exchange markets and trade elasticities National income and the trade balance Spending and the exchange rate in the keynesian model The money supply, the price level, and the balance of payments Developing countries and other small open economies with non-traded goods International finance markets and their macroeconomic implications The globalization of financial markets The Mundell-Fleming model with partial international capital mobility Fiscal and monetary policy under modern financial market conditions Crisis in emerging markets Interdependence and policy coordination Supply and inflation The determination of exchange rates in international asset markets Expectations, money and the determination of the exchange rate Exchange rate forecasting and risk