Table of Contents

Trade in the Global Economy Trade and Technology: The Ricardian Model Gains and Losses from Trade in the Specific-Factors Model Trade Resources: The Heckscher-Ohlin Model The Global Macroeconomy Introduction to Exchange Rates and the Foreign Exchange Market Exchange Rates I: The Monetary Approach in the Long Run Exchange Rates II: The Asset Approach in the Short Run National and International Accounts: Income, Wealth, and the Balance of Payments Balance of Payments I: The Gains from Financial Globalization Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run Fixed Versus Floating: International Monetary Experience Exchange Rate Crises: How Pegs Work and How They Break The Euro Topics in International Macroeconomics

About the Author

ROBERT C. FEENSTRA Professor of Economics at the University of California, Davis, USA. ALAN M. TAYLOR Professor of Economics at the University of California, Davis, USA.