Description: This exceptional resource covers the most recent theoretical developments in their historical and empirical contexts. Coverage includes exchange rate, balance of payments theory, rational expectations, speculative bubbles, technical analysis, the internationalization of national financial systems, international policy coordination, and the integration of formerly centrally planned economics and developing countries into the international financial system. This new edition has been revised and updated to provide more accessible coverage on efficient markets, new information on international money systems and peripheral economies, more perspectives from US economists, and a new chapter on exchange rate crisis.

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