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World Trade and Payments: An Introduction, 9/E
Richard E. Caves, Harvard University
Jeffrey A. Frankel, Harvard University, Kennedy School of Government
Ronald W. Jones, University of Rochester

ISBN-10: 0321089049
ISBN-13:  9780321089045

Publisher:  Prentice Hall
Copyright:  2002
Format:  Cloth
Published:  07/20/2001


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Description

World Trade and Payments is renowned for its clear, in-depth coverage of international trade and finance. Along with its hallmark balance of empirical research and sophisticated models the Ninth Edition offers an all-new chapter on Emerging Markets, which takes a close look at the East Asia crisis of 1997-98 and complements nicely the existing chapter on LDCs and open economies. Two other new chapters appear in this edition-one on Interdependence, one on Supply—which have been adapted from the previous edition's coverage on aggregate supply and policy coordination. As always, text, data, and example are updated throughout, and the text offers the latest on globalization, political economy of trade control, wages, international tariffs, multinational enterprise, development of newly industrialized countries, and the World Trade Organization.


Features

  • Theories are introduced in a clear, comprehensive manner and are applied to real-world examples and issues.
  • Updated policy issues and data are integrated throughout, including work on the World Trade Organization and globalization.
  • NEW - NEW! Chapter 24 on “Crises in Emerging Markets” discusses the Asian Financial Crisis and other major events from around the world.
  • NEW - NEW! Chapter 25 on “Interdependence and Coordination” offers updated and heavily revised material from the previous edition's coverage of interdependence.
  • NEW - NEW! Chapter 26 on “Supply and Inflation” integrates previous work on aggregate supply with all-new discussions of inflation and the Corners Hypothesis.
  • NEW - NEW! Online Study Guide.


Table of Contents



 1. Introduction.

I. THE BASIC TRADE MODEL.

 2. Commodity Trade.

 3. Expanded Gains from Trade with Resource Movements.

 4. Applications and Interpretations.

II. TRADE PATTERNS, INCOME DISTRIBUTION, AND GROWTH.

 5. Technology ad Productivity: The Ricardian Trade Model.

 6. Trade and Local Income Distribution: The Specific Factors Model.

 7. Factor Endowments and Trade: The 2 x 2 Heckscher-Ohlin Model.

 8. Trade, Growth, and Product Variety.

 9. Trade in Intermediate Goods and Factors of Production.

III. THE THEORY AND PRACTICE OF COMMERCIAL POLICY.

10. Protection and the National Welfare.

11. The Political Economy of Protection.

12. Trade Policy and Imperfect Competition.

13. Trade Controls in Practice.

14. Preferential Arrangements and Regional Issues in Trade Policy.

IV. MONEY, INCOME, AND THE BALANCE OF PAYMENTS.

15. The Balance of Payments Accounts.

16. The Foreign Exchange Market and Trade: Elasticities.

17. National Income and the Trade Balance.

18. Spending and the Exchange Rate in the Keynesian Model.

19. The Money Supply, the Price Level, and the Balance of Payments.

20. Developing Countries and Other Small Open Economies with Non-Traded Goods.

V. INTERNATIONAL FINANCIAL MARKETS AND THEIR MACROECONOMIC IMPLICATIONS.

21. The Globalization of Financial Markets.

22. The Mundell - Fleming Model with Partial International Capital Mobility.

23. Fiscal and Monetary Policy Under Modern Financial Market Conditions.

24. Crises in Emerging Markets.

25. Interdependence and Policy Coordination.

26. Supply and Inflation.

VI. THE DETERMINATION OF EXCHANGE RATES IN INTERNATIONAL ASSET MARKETS.

27. Expectations, Money and the Determination of the Exchange Rate.

28. Exchange Rate Forecasting and Risk.


Next Edition(s)

  • World Trade and Payments: An Introduction, 10/E
    Caves, Frankel & Jones
    ©2007  |  Prentice Hall  |  Paper; 712 pp  |  Instock
    ISBN-10: 0321226607  |  ISBN-13: 9780321226600
    Brief Description  |  More Info



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Websites and Online Courses

Companion Website with Online Study Guide and Online PowerPoint, 9/E
Caves, Frankel & Jones
©2002  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 032109414X  |  ISBN-13: 9780321094148
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Instructor's Manual/Test Bank, 9/E
Caves, Frankel & Jones
©2002  |  Prentice Hall  |  Paper; 320 pp  |  Out of Stock
ISBN-10: 0321094131  |  ISBN-13: 9780321094131

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Companion Website with Online Study Guide and Online PowerPoint, 9/E
Caves, Frankel & Jones
©2002  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 032109414X  |  ISBN-13: 9780321094148
More Info

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Websites and online courses

Companion Website with Online Study Guide and Online PowerPoint, 9/E
Caves, Frankel & Jones
©2002  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 032109414X  |  ISBN-13: 9780321094148
More Info


Websites and Online Courses

Companion Website with Online Study Guide and Online PowerPoint, 9/E
Caves, Frankel & Jones
©2002  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 032109414X  |  ISBN-13: 9780321094148
More Info

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