Author: Gail Makinen Publisher: ISBN: 9781716258848 Category : Languages : en Pages : 102
Book Description
The fundamentals of international trade and the balance of payments are well known. Unfortunately, they are often sadly neglected by policy makers and not well understood by journalists who opine on such matters. As a result politicians advocate a variety of tax and trade measures that sound desirable but not only cannot be achieved but actually hurt the economy. This book is designed to lay out the fundamentals that must be present for policy to work as intended. The material in this book was tested over an 11 year period on more than 150 students, most of whom entered the course with a minimum of training in economics. Their difficulties were noted and the material refined to overcome them. This book is intended for those who have a serious interest in policy dealing with international trade and finance. While the subject matter has not been made simple, an impossibility, it has been made clear.
Author: Gail Makinen Publisher: ISBN: 9781716309960 Category : Business & Economics Languages : en Pages : 104
Book Description
The fundamentals of international trade and the balance of payments are well known. Unfortuntely, they are often sadly neglected by policy makers and not well understood by journalists who opine on such maters. As a result, politicians advocate a variety of tax and trade measures that sound desirable but not only cannot be achieved but actually harm the economy. This book is designed to lay out the fundamentals that must be present for policy to work as intended. The material was tested and refined over an 11 year period on more than 150 students, most of whom had a minimal training in economics. The book is intended for those who have a serious interest in policy dealing with international trade and finance. While the subject matter has not been made simple, it has been made clear.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 9781557754707 Category : Business & Economics Languages : en Pages : 398
Book Description
A companion document to the fifth edition of the Balance of Payments Manual, the Balance of Payments Compilation Guide shows how the conceptual framework described in the Manual may be implemented in practice. The primary purpose of the Guide is to provide practical guidance for using sources and methods to compile statistics on the balance of payments and the international investment position. the Guide is designed to assist balance of payments compilers and statisticians in understanding the relative strengths and weaknesses of various approaches. The material reflects the emergence of new data sources and adaptations in the application of statistical methodologies to changing circumstances. Discussed in the Guide are all of the tasks that a BOP compiler normally performs. Appendices contain a set of model BOP questionnaires and a set of model BOP publication tables. Relationships between the balance of payments statistics and relevant aspects of national accounts are covered as well.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1557755701 Category : Business & Economics Languages : en Pages : 159
Book Description
The Balance of Payments Textbook, like the Balance of Payments Compilation Guide, is a companion document to the fifth edition of the Balance of Payments Manual. The Textbook provides illustrative examples and applications of concepts, definitions, classifications, and conventions contained in the Manual and affords compilers with opportunities for enhancing their understanding of the relevant parts of the Manual. The Textbook is one of the main reference materials for training courses in balance of payments methodology.
Author: Shahruz Mohtadi Publisher: Business Expert Press ISBN: 163157440X Category : Business & Economics Languages : en Pages : 179
Book Description
This book adopts a nontechnical approach to explaining the basis for trade between countries and the role of firms in global trade and describes the effect of tariffs and fluctuations in exchange rates on a company's sales, costs, and profits The study of international economics has never been more vital than it is today. The past global financial crisis, the economic uncertainty in many advanced countries, increasing barriers to international trade, and currency crises have created challenges for both policy makers and corporate decision makers involved in international trade and finance. This book provides a concise and rigorous approach to the understanding of international trade and finance without relying on mathematical models or graphs. It explains the basis and pattern of trade, the effects of trade and trade policies on companies, national welfare, and the global economy. It explains the determination and changes in exchange rates. Finally, it describes the operation of the economy and examines the impact of national economic policies on the domestic economy and the rest of the world. Corporate managers and MBA students must learn the complex interrelationships between trade policies; the actions of central banks; and changes in government spending and taxes on interest rates, prices, exchange rates, and economic activity. This book adopts a nontechnical approach to explaining the basis for trade between countries and the role of firms in global trade and describes the effect of tariffs and fluctuations in exchange rates on a company's sales, costs, and profits.
Author: Edward E. Leamer Publisher: Routledge ISBN: 1351495224 Category : Business & Economics Languages : en Pages : 209
Book Description
This distinctive book sets forth, on an advanced level, various methods for the quantitative measurement of important relationships at issue in areas of the balance of payments and international trade and welfare. The results achieved in recent studies are presented and the directions for new research are indicated. This book is composed of two main parts.Part I deals with the balance of payments and consists of the first half of the book. One of the longest and almost important chapters of this part talks about, at length the time-series analysis of the demand for imports and exports from the point of view of an individual country. This subject has a long and somewhat checkered history dating from the 1940's, when a number of estimates using least squares multiple regression methods were made of import and export demand functions for the interwar period. The noteworthy feature of many of these estimates was that they suggested relatively low price elasticities of demand in international trade. The implication was thus drawn that the international price mechanism could not be relied on for balance-of payments adjustment purposes.This book talks about the topics of theory and measurement of the elasticity of substitution in international trade, estimating the international capital movements, and forecasting and policy analysis with econometric models. Part II deals with international trade and welfare. While, there are many other books dealing with trade theory, this title focuses on a narrower range of topics that are not always mentioned or understood by individuals, such as the theory and measurement of trade dependence and interdependence, the analysis of the component factors a country has that affects how its export growth is over time, and the welfare effects of trade liberalizationThis book serves as a guide and reference work for economics graduate students, academicians, and practicing economists in private and governmental circles. They will find this book
Author: Steven L. Husted Publisher: Prentice Hall ISBN: 9780321594563 Category : Commercial policy Languages : en Pages : 0
Book Description
An accessible, comprehensive and relevant guide to studying international economics. An Introduction to International Trade; Tools of Analysis for International Trade Models; The Classical Model of International Trade; The Heckscher-Ohlin Model; Tests of Trade Models: The Leontief Paradox and Its Aftermath; Tariffs; Nontariff Barriers and Arguments for Protection; Commercial Policy: History and Practice; Preferential Trade Arrangements; International Trade and Economic Growth; An Introduction to International Finance; The Balance of Payments; The Foreign-Exchange Market; Prices and Exchange Rates: Purchasing Power Parity; Exchange Rates, Interest Rates, and Interest Parity; Foreign-Exchange Risk, Forecasting, and International Investment; Basic Theories of the Balance of Payments; Exchange Rate Theories; Alternative International Monetary Standards; International Banking, Debt, and Risk; Open-Economy Macroeconomic Policy and Adjustment For readers interested in understanding international economics.
Author: Gail Makinen
Author: Gail Makinen
Author: International Monetary Fund
Author: International Monetary Fund
Author: Shahruz Mohtadi
Author: Reserve Bank of Australia. Economic Group
Author: Edward E. Leamer
Author: Stephen Ross Yeaple
Author: Homi Katrak
Author: Steven L. Husted