PART 1 INTRODUCTION TO INTERNATIONAL MACROECONOMICS

1. The Global Macroeconomy

PART 2 EXCHANGE RATES

2. Introduction to Exchange Rates and the Foreign Exchange Market

3. Exchange Rates I: The Monetary Approach in the Long Run

4. Exchange Rates II: The Asset Approach in the Short Run

PART 3 THE BALANCE OF PAYMENTS

5. National and International Accounts: Income, Wealth, and the Balance of Payments

6. Balance of Payments I: The Gains from Financial Globalization

7. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run

PART 4 APPLICATIONS AND POLICY ISSUES

8. Fixed Versus Floating: International Monetary Experience

9. Exchange Rate Crises: How Pegs Work and How They Break

10. The Euro: Economics and Politics

11. (online only) Topics in International Macroeconomics

Emphasizing the use of data and empirics to link cutting-edge economic theory to current world events, this book was developed in the classroom by two of the most prominent researchers in the field who saw a need for a text with fresh theories and perspectives. Seamlessly blending theory and data with real-world policies, events, and evidence, Feenstra and Taylor's International Macroeconomics provides engaging, balanced coverage and applications of key concepts. The 5th edition includes: ¿ New coverage of poor countries and financial globalization. ¿ New application about monetary policy at the zero-lower bound after the Global Financial Crisis and the coronavirus pandemic recession. ¿ Thorough updating of the most recent changes in the EU and the Eurozone, including Brexit. ¿ Data, examples and applications updated throughout.