International economics: theory, application, and policy
Gespeichert in:
Beteiligte Personen: | , , |
---|---|
Format: | Buch |
Sprache: | Englisch |
Veröffentlicht: |
Oxford
Oxford Univ. Press
2012
|
Ausgabe: | 2. ed. |
Schlagwörter: | |
Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024780356&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
Umfang: | XLIV, 711 S. Ill., graph. Darst., Kt. |
ISBN: | 9780199567096 |
Internformat
MARC
LEADER | 00000nam a2200000 c 4500 | ||
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001 | BV039921888 | ||
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020 | |a 9780199567096 |9 978-0-19-956709-6 | ||
035 | |a (OCoLC)769544939 | ||
035 | |a (DE-599)HBZHT017091315 | ||
040 | |a DE-604 |b ger | ||
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245 | 1 | 0 | |a International economics |b theory, application, and policy |c Charles van Marrewijk. Study guide questions in cooperation with Daniël Ottens ; Stephan Schueller |
250 | |a 2. ed. | ||
264 | 1 | |a Oxford |b Oxford Univ. Press |c 2012 | |
300 | |a XLIV, 711 S. |b Ill., graph. Darst., Kt. | ||
336 | |b txt |2 rdacontent | ||
337 | |b n |2 rdamedia | ||
338 | |b nc |2 rdacarrier | ||
650 | 0 | 7 | |a Weltwirtschaft |0 (DE-588)4065468-0 |2 gnd |9 rswk-swf |
653 | |a International economic relations. | ||
653 | |a International trade. | ||
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689 | 0 | |5 DE-604 | |
700 | 1 | |a Ottens, Daniël |e Verfasser |0 (DE-588)173573282 |4 aut | |
700 | 1 | |a Schueller, Stephan |d 1977- |e Verfasser |0 (DE-588)1050877594 |4 aut | |
856 | 4 | 2 | |m Digitalisierung UB Bamberg |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024780356&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-024780356 |
Datensatz im Suchindex
DE-BY-TUM_call_number | 1002 WIR 200f 2012 A 4483(2) |
---|---|
DE-BY-TUM_katkey | 1861484 |
DE-BY-TUM_location | 10 |
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adam_text | Contents
List of Figures
xx.
List of Tables
xxx
List of Boxes
xxxi,.
List of Technical Notes
xxxvi
Preface
xxxviii
Acknowledgements
xliii
PART
і
Introduction
1
The World Economy
3
2
Global Economic Crisis
24
PA RT 11 International Trade
PARTILA Comparative
Advantage
3
Classical Trade: Technology
4
Production Structure
5
Factor Prices
6
Production Volume
7
Factor Abundance
8
Trade Policy
PART
n B
Competitive Advantage
9
Imperfect Competition
10
Intra-lndustry Trade
11
Strategic Trade Policy
12
International Trade Organizations
13
Economic Integration
Vili
CONTENTS
PART 11.
С
Trade Interactions
14
Geographical Economics
294
15
Multinationals
322
16
Trade and Growth
346
17
Heterogeneous Firms
378
PART III International Money
PART III.A Money Basics
18
Balance of Payments
408
19
Money Market
426
20
Foreign Exchange Markets
443
21
Purchasing Power Parity
460
22
Interest Rate Parity
479
PART lll.B Exchange Rates
23
Exchange Rate Regimes
500
24
The Monetary Approach
523
25
Short-Run Economic Policy
538
26
Expectations and Sticky Prices
557
27
New Macroeconomics
579
PART 111 C Policy and Credibility
28
Credibility
596
29
Targetzones
615
30
Financial Crises
634
31
Optimal Currency Areas
651
CONTENTS
ІХ
PART IV Conclusion
32
Concluding Remarks
675
References
686
Index
699
Detailed Contents
List of Figures
xxi
List of Tables
xxx
List of Boxes
xxxiii
List of Technical Notes
xxxvi
Preface
xxxviii
Acknowledgements xliii
PART I Introduction
1
1
The World Economy
3
1.1
Introduction
3
1.2
Land area and population
4
1.3
Income
7
1.4
Income per capita
11
1.5
International trade
12
1.6
Globalization
15
1.7
Trade connections in the world economy
20
1.8
Conclusions
21
Questions
21
Endnotes 23
2
Global Economic Crisis
24
2.1
Introduction
24
2.2
Collapsing trade flows
25
2.3
Seeds for the crisis: bubbles, innovation, and imbalance
31
2.4
From financial problems in the US to global output collapse
33
2.5
Government response, early victory, and new problems
36
2.6
European imbalances
39
2.7
Conclusions
45
Technical Note
46
Questions
46
Endnotes 48
DETAILED
CONTENTS
ХІ
PARTU
International Trade
49
PART
ila
Comparative Advantage
51
3
Classical Trade: Technology
52
3.1
Historical introduction
52
3.2
Smith s argument for free trade
54
3.3
Ricardo s contribution
55
3.4
Technology as a basis for comparative advantage
56
3.5
Production possibility frontier and autarky
58
3.6
Terms of trade and gains from trade
61
3.7
Application: Kenya and the ED
63
3.8
More countries and world PPF
65
3.9
Measuring trade advantages: the
Balassa
index
66
3.10
Services
70
3.11
Conclusions
72
Questions
72
End notes
74
4
Production Structure
75
4.1
Introduction
75
4.2
Neoclassical economics
76
4.3
General struaure of the neoclassical model
77
4.4
Production functions
78
4.5
Cost minimization
81
4.6
Impact of wage rate and rental rate
85
4.7
Constant returns to scale
86
4.8
Conclusions
90
Technical Notes
91
Questions
93
Endnotes 94
5
Factor Prices
96
5.1
Introduction
96
5.2
Factor price equalization
97
5.3
The
Lerner
diagram
98
5.4
From factor prices to final goods prices
101
5.5
From final goods prices to factor prices
101
5.6
Stolper-Samuelson
103
5.7
Graphical analysis
104
5.8
The magnification effect
105
XII
DETAILED
CONTENTS
5.9
Application:
globalization, low wages, and unemployment
108
5.10
Conclusions 111
Technical Notes
111
Questions
113
Endnotes 114
115
115
115
117
118
119
124
127
127
128
131
132
132
134
134
137
141
142
145
149
150
151
152
153
155
155
156
158
162
166
167
170
173
174
Production Volume
6.1
Introduction
6.2
Rybczynski
6.3
The Edgeworth Box
6.4
The contract curve
6.5
The distribution of labour and capital
6.6
Application: Russian immigrants in Israel
6.7
Conclusions
Technical Notes
Questions
Endnotes
Factor Abundance
7.1
Introduction
7.2
Heckscher-Ohlin
7.3
Demand
7.4
The production possibility frontier
7.5
Structure of the equilibrium
7.6
Autarky equilibrium
7.7
International trade equilibrium
7.8
The case of the missing trade
7.9
Conclusions
Technical Notes
Questions
End notes
Trade Policy
8.1
Introduction
8.2
Tariffs, quotas, and other trade restrictions
8.3
Tariffs and partial equilibrium
8.4
Tariffs and general equilibrium
8.5
General equilibrium with offer curves
8.6
The optimal tariff?
8.7
Optimal tariffs and retaliation
8.8
Tariffs in the USA
8.9
Conclusions
DETAILED CONTENTS
XIII
Technical Note
Questions
Endnotes
174
175
176
PA
RT
11
.
в
Competitive Advantage
177
9
Imperfect Competition
9.1
Introduction
9.2
Monopoly
9.3
Monopoly in general equilibrium: autarky
9.4
Oligopoly
9.5
The pro-competitive effea of international trade
9.6
Reciprocal dumping
9.7
Application: the Twaron takeover
9.8
Conclusions
Technical Notes
Questions
End notes
10
Intra-lndustry Trade
10.1
Introduction
10.2
Measuring intra-industry trade
10.3
Dixit-Stiglitz demand
10.4
Demand effects; income, price elasticity,
and the price index
10.5
Increasing returns to scale
10.6
Optimal pricing and zero profits
10.7
Explaining intra-industry trade
10.8
An alternative interpretation: intermediate goods
10.9
Conclusions
Technical Notes
Questions
Endnotes
11
Strategic Trade Policy
11.1
Introduction
11.2
Market power and tariffs
11.3
The non-equivalence of tariffs and quotas
11.4
Strategic trade policy
11.5
The nature of competition
11.6
Evaluation of strategic trade policy
178
178
180
182
183
186
188
191
191
194
196
198
199
199
202
206
207
210
212
213
217
219
219
221
222
224
224
225
227
228
230
232
XIV
DETAILED CONTENTS
11.7
Application: the aircraft industry
233
11.8
Conclusions
235
Technical Notes
236
Questions
237
End notes
240
12
International Trade Organizations
241
12.1
Introduction
241
12.2
The World Trade Organization (WTO/GATT)
243
12.3
The United Nations (UN) and
UNCTAD
250
12.4
Organization for Economic Cooperation and Development
(OECD)
253
12.5
Case study: economic transition in Central and Eastern Europe
256
12.6
Conclusions
259
Technical Notes
260
Questions
265
Endnotes 266
13
Economic Integration
267
13.1
Introduction
267
13.2
Types of regional economic integration
268
13.3
Neoclassical theory of economic integration
269
13.4
Regional trade agreements
273
13.5
Regionalism and the new trade theory
277
13.6
Europe and the European Union
(EU) 280
13.7
Recent enlargement of the European Union
(EU) 283
13.8
Conclusions
289
Technical Note
289
Questions
290
Endnotes 292
PART
II C
Trade Interactions
293
14
Geographical Economics
294
14.1
Introduction
294
14.2
Zipf s Law and the gravity equation
295
14.3
The structure of the model
298
14.4
Multiple locations and equilibrium
301
14.5
Computer simulations: getting started
307
14.6
Alternative models: human capital and
intermediate goods
ЗП
14.7
Application: predicting the location of European cities
зіз
DETAILED CONTENTS
XV
14.8
Conclusions
Technical Notes
Questions
End notes
15
Multinationals
15.1
Introduction
15.2
The size and structure of multinationals
15.3
Foreign direct investment (FDI)
15.4
Explaining multinationals
15.5
Multinationals in general equilibrium
15.6
Characterization of equilibrium
15.7
Case study: hard-disk drives
15.8
Conclusions
Questions
Endnotes
16
Trade and Growth
16.1
Introduction
16.2
Modelling new goods
16.3
Kaldor s stylized facts of economic growth
16.4
The neoclassical model and the Solow residual
16.5
Empirical pictures
16.6
Endogenous growth
16.7
An experiment in geographical economics
16.8
Measuring what is not there: the Dupuit triangle
16.9
More on the dynamic costs of trade restrictions
16.10
China, a case study
16.11
Conclusions
Technical Notes
Questions
Endnotes
17
Heterogeneous Firms
17.1
Introduction
17.2
Empirics of trade and firm heterogeneity
17.3
Heterogeneous firms in a closed economy
17.4
Firm heterogeneity, trade, and productivity
17.5
Heterogeneity and mode of entry
17.6
Conclusions
Technical Notes
Questions
Endnotes
317
317
319
320
322
322
324
327
331
333
337
341
342
343
344
346
346
348
351
353
355
358
362
366
368
370
373
374
375
377
378
378
379
384
393
398
400
401
403
404
XVI
DETAILED
CONTENTS
PARTMI
International Money
405
PART
IHA
Money Basics
407
18
Balance of Payments
408
18.1
Introduction
408
18.2
National income accounting
408
18.3
The balance of payments
411
18.4
Capital flows
413
18.5
Nations and firms: a classic mistake
414
18.6
The benefits of international capital flows
419
18.7
Conclusions
422
Questions
423
Endnotes 425
19
Money Market
426
19.1
Introduction
426
19.2
The functions of money
426
19.3
Different types of money
428
19.4
The money market
430
19.5
The demand for money
431
19.6
The money supply process
433
19.7
Monetary equilibrium
438
19.8
Conclusions
440
Questions
440
Endnotes 442
20
Foreign Exchange Markets
443
20.1
Introduction
443
20.2
Spot exchange rates
444
20.3
Players and markets
448
20.4
Forward looking markets
449
20.5
Effective exchange rates
451
20.6
Trading volume
454
20.7
Conclusions
455
Technical Note
456
Questions
457
Endnotes 459
21
Purchasing Power Parity
460
21.1
Introduction
460
DETAILED CONTENTS
XV«
21.2
The Law of One Price and purchasing power parity
461
21.3
Prices and exchange rates
463
21.4
Real effective exchange rates
467
21.5
Causes of deviations from PPP
471
21.6
Testing for PPP
473
21.7
Structural deviations: PPP corrections
474
21.8
Conclusions
477
Questions
477
Endnotes 478
22
Interest Rate Parity
479
22.1
Introduction
479
22.2
Interest rates
480
22.3
Covered interest parity
483
22.4
The empirics of covered interest parity
484
22.5
Uncovered interest parity
488
22.6
Risk premium and transaction costs 490
22.7
The empirics of uncovered interest parity 491
22.8
Conclusions
494
Technical Note
495
Questions
496
Endnotes 497
PART ill
В
Exchange Rates
499
23
Exchange Rate Regimes
500
23.1
Introduction
500
23.2
Exchange rate regimes
501
23.3
Exchange rate regimes and the policy trilemma
504
23.4
Gold standard
(±1870-1914) 506
23.5
Worldwarsandrecession(1914-1945)
507
23.6
Bretton
Woods
(1945-1971) 509
23.7
Floating rates
(1971
-present)
509
23.8
International Monetary Fund (IMF)
513
23.9
World Bank
516
23.10
Bank for International Settlement (BIS)
519
23.11
Conclusions
519
Technical Note
520
Questions
520
XViii
DETAILED
CONTENTS
Endnotes 522
24
The Monetary Approach
523
24.1
Introduction
523
24.2
Money, price flexibility, and the modelling of exchange rates
523
24.3
The monetary model and the price specie flow mechanism
525
24.4
Flexible price monetary approach
(floating exchange rates)
530
24.5
Money, income, and exchange rates
532
24.6
Conclusions
535
Technical Notes
535
Questions
536
Endnotes 537
25
Short-Run Economic Policy
538
25.1
Introduction
538
25.2
Fixed exchange rates (small country, perfect
capital mobility)
540
25.3
Fixed exchange rates and large countries
(perfect capital mobility)
542
25.4
Imperfect substitutability (small country, fixed
exchange rates)
544
25.5
Flexible exchange rates (small country, perfect
capital mobility)
546
25.6
Flexible exchange rates, large countries,
and imperfect substitutability
549
25.7
Conclusions
553
Technical Notes
554
Questions
555
Endnotes 556
26
Expectations and Sticky Prices
557
26.1
Introduction
557
26.2
Rational expectations and financial equilibrium
558
26.3
Price stickiness and the phase diagram
560
26.4
Equilibrium dynamics
562
26.5
Exchange rate overshooting
565
26.6
Expectations formation
567
26.7
Fundamentals and bubbles
569
26.8
Empirical evidence
572
26.9
Conclusions
574
Technical Notes
574
Questions
576
Endnotes 578
DETAILED CONTENTS
ХІХ
27
New Macroeconomics
579
27.1
Introduction
579
27.2
Exchange rates, terms-of-trade, and competition
580
27.3
Model structure and demand
582
27.4
Wage-setting and prices
586
27.5
Equilibrium
588
27.6
Monetary policy rules and exchange rate regimes
589
27.7
Conclusions 59I
Technical Note
591
Questions
592
Endnotes 593
PART
НІС
Policy and Credibility
595
28
Credibility
596
28.1
Introduction
596
28.2
Objectives: welfare and the loss function
597
28.3
From instruments to targets
599
28.4
From targets to objectives: expectations and the Phillips curve
601
28.5
The Barro-Gordon model
605
28.6
The Taylor rule
608
28.7
Conclusions
609
Technical Notes
610
Questions
6
Π
Endnotes 614
29
Targetzones
615
29.1
Introduction
615
29.2
Exchange rate regimes
616
29.3
Fixed exchange rates
617
29.4
Credibility of fixed exchange rate regimes I: preferences
619
29.5
Credibility of fixed exchange rate regimes II: shocks
622
29.6
The basic target zone model
624
29.7
Target zones and empirical tests
628
29.8
Conclusions
630
Technical Notes
630
Questions
631
Endnotes 633
30
Financial Crises
634
30.1
Introduction
634
XX DETAILED
CONTENTS
30.2
What
¡s a
currency crisis?
635
30.3
Characteristics of currency crises
637
30.4
First generation models
639
30.5
Second generation models
640
30.6
Frequency and measurement
643
30.7
The costs of financial crises and sequencing
645
30.8
Synthesis: third generation model
646
30.9
Conclusions
648
Questions
648
Endnotes 650
31
Optimal Currency Areas
651
31Л
Introduction
651
31.2
Optimal currency areas
652
31.3
Benefits of a common currency
655
31.4
The Maastricht Treaty
659
31.5
The
Eurosystem 662
31.6
Monetary policy
664
31.7
Euro area problems during the Global Economic Crisis
667
31.8
Conclusions
669
Technical Notes
669
Questions
670
PART IV CONCLUSION
673
675
675
675
677
678
679
679
681
682
683
684
686
699
32
Concluding Remarks
32.1
Introduction
32.2
International trade
32.3
Gains from trade
32.4
Trade policy
32.5
Applications
32.6
International money
32.7
Exchange rates
32.8
Policy framework
32.9
Economic policy
32.10
Conclusion
References
lnde>
|
any_adam_object | 1 |
author | Marrewijk, Charles van 1959- Ottens, Daniël Schueller, Stephan 1977- |
author_GND | (DE-588)133923304 (DE-588)173573282 (DE-588)1050877594 |
author_facet | Marrewijk, Charles van 1959- Ottens, Daniël Schueller, Stephan 1977- |
author_role | aut aut aut |
author_sort | Marrewijk, Charles van 1959- |
author_variant | c v m cv cvm d o do s s ss |
building | Verbundindex |
bvnumber | BV039921888 |
classification_rvk | QM 000 |
classification_tum | WIR 200f |
ctrlnum | (OCoLC)769544939 (DE-599)HBZHT017091315 |
dewey-full | 337 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 337 - International economics |
dewey-raw | 337 |
dewey-search | 337 |
dewey-sort | 3337 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
edition | 2. ed. |
format | Book |
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genre | (DE-588)4123623-3 Lehrbuch gnd-content |
genre_facet | Lehrbuch |
id | DE-604.BV039921888 |
illustrated | Illustrated |
indexdate | 2024-12-20T16:05:21Z |
institution | BVB |
isbn | 9780199567096 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-024780356 |
oclc_num | 769544939 |
open_access_boolean | |
owner | DE-703 DE-473 DE-BY-UBG DE-355 DE-BY-UBR DE-20 DE-1047 DE-M49 DE-BY-TUM DE-945 DE-1051 DE-11 DE-384 DE-19 DE-BY-UBM DE-1049 DE-739 DE-526 |
owner_facet | DE-703 DE-473 DE-BY-UBG DE-355 DE-BY-UBR DE-20 DE-1047 DE-M49 DE-BY-TUM DE-945 DE-1051 DE-11 DE-384 DE-19 DE-BY-UBM DE-1049 DE-739 DE-526 |
physical | XLIV, 711 S. Ill., graph. Darst., Kt. |
publishDate | 2012 |
publishDateSearch | 2012 |
publishDateSort | 2012 |
publisher | Oxford Univ. Press |
record_format | marc |
spellingShingle | Marrewijk, Charles van 1959- Ottens, Daniël Schueller, Stephan 1977- International economics theory, application, and policy Weltwirtschaft (DE-588)4065468-0 gnd |
subject_GND | (DE-588)4065468-0 (DE-588)4123623-3 |
title | International economics theory, application, and policy |
title_auth | International economics theory, application, and policy |
title_exact_search | International economics theory, application, and policy |
title_full | International economics theory, application, and policy Charles van Marrewijk. Study guide questions in cooperation with Daniël Ottens ; Stephan Schueller |
title_fullStr | International economics theory, application, and policy Charles van Marrewijk. Study guide questions in cooperation with Daniël Ottens ; Stephan Schueller |
title_full_unstemmed | International economics theory, application, and policy Charles van Marrewijk. Study guide questions in cooperation with Daniël Ottens ; Stephan Schueller |
title_short | International economics |
title_sort | international economics theory application and policy |
title_sub | theory, application, and policy |
topic | Weltwirtschaft (DE-588)4065468-0 gnd |
topic_facet | Weltwirtschaft Lehrbuch |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024780356&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT marrewijkcharlesvan internationaleconomicstheoryapplicationandpolicy AT ottensdaniel internationaleconomicstheoryapplicationandpolicy AT schuellerstephan internationaleconomicstheoryapplicationandpolicy |
Inhaltsverzeichnis
Paper/Kapitel scannen lassen
Paper/Kapitel scannen lassen
Teilbibliothek Weihenstephan
Signatur: |
1002 WIR 200f 2012 A 4483(2)
Lageplan |
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Exemplar 1 | Ausleihbar Am Standort |