Titlebook: International Finance; Keith Pilbeam Textbook 1998Latest edition Macmillan Publishers Limited 1998 European Monetary Union.exchange rates.

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The Postwar International Monetary Systeml relations between nations. In this chapter we look in some detail at the development of the post-Second World War international monetary system. An understanding of the historical, institutional and economic developments that have occurred since then are an essential background to the study of int

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International Debt Crisisnternational banks. This was the first sign of the international debt crisis. Soon after the Mexican announcement a number of other less-developed countries (LDCs) announced that they too were facing severe difficulties in meeting forthcoming repayments. Throughout the 1980s and 1990s the problems f

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Graves’-disease

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Macroeconomic Policy in an Open Economyhis is because no country can continuously build up a stock of net liabilities to the rest of the world by running a continuous current account deficit. Conversely, it does not make sense for a surplus country to continuously build up a stock of net claims on the rest of the world; eventually it will wish to spend those claims.

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The Portfolio Balance Modelt characteristics other than their currency of denomination. In particular, they might for various reasons regard one of the bonds as being more risky than the other. This being the case they will generally require a higher expected rate of return on the bond that is considered more risky to compensate for the additional risk it entails.

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