Brief Table of Contents Introduction Part 1: Exchange Rates and Open-Economy Macroeconomics National Income Accounting and the Balance of PaymentsExchange Rates and the Foreign Exchange Market: An Asset ApproachMoney, Interest Rates, and Exchange RatesPrice Levels and the Exchange Rate in the Long RunOutput and the Exchange Rate in the Short RunFixed Exchange Rates and Foreign Exchange Intervention Part 2: International Macroeconomic Policy International Monetary Systems: An Historical OverviewFinancial Globalization: Opportunity and CrisisOptimum Currency Areas and the EuroDeveloping Countries: Growth, Crisis, and Reform Mathematical Postscripts Postscript to Chapter 9: Risk Aversion and International Portfolio Diversification

About the book   Relay recent developments in the theoretical and practical sides of international finance Additional coverage of relevant topics and events including the impact of the North American Free Trade Agreement (NAFTA) on car production in Canada, Mexico, and the United States; why the decision by Nabisco to move production of Oreo cookies to Mexico is a consequence of trade restrictions on refined sugar; the role of negative interest rates in unconventional monetary policy; and the increasingly important role of emerging market economies in driving global growth. Box describes China’s offshore market and the relationship between its onshore and offshore exchange rates (Chapter 3).Box on the role of invoice currencies in exchange-rate pass-through and discussion of the role of negative interest rates in unconventional monetary policy (Chapter 6).Box describes the dangers of deflation (Chapter 8).Box on Brexit, specifically the process through which Britain is likely to leave the EU (Chapter 10).Coverage of the key role of commodities in developing-country growth, and the commodity “super cycle” (Chapter 11). Also available with MyLab EconomicsMyLab™ Economics is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts . Math Review Exercises. MyLab Economics now offers a rich array of assignable and auto-graded exercises covering fundamental math concepts geared specifically to principles and intermediate economics students. Aimed at increasing student confidence and success, the new math skills review Chapter R is accessible from the assignment manager and contains over 150 graphing, algebra, and calculus exercises for homework, quiz, and test use. Offering economics students warm-up math assignments, math remediation, or math exercises as part of any content assignment has never been easier!HTML5 Player. In addition to matching the Flash player’s support of Accessibility requirements, the HTML5 player has a new “Show Work” feature to allow students to enter text either from a keyboard or stylus and to draw freehand on different backgrounds, such as a coordinate graph, with multiple fonts and colors. Students can also continue to upload images such as phone-photos of handwritten work. Printing enhancements include:a more pen-and-paper-friendly layout of exercisesthe ability for instructors to choose whether to print the header; to include an honor statement; and to print with answers inline, after each question, or on a separate sheet