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Trade, Immigration and Exchange Rates in a Globalized World: A Reader
About The Author
Table of Contents
1. Exchange Rates And Currency Markets
1.1 Introduction
1.2 What Determines The Value Of A Currency?
1.2.1 Some Key Indicators To Watch
1.2.2 Special Cases: Commodity Currencies And Reserve Currencies
1.3 How Do Changing Currency Values Affect The Economy?
1.4 How Governments Intervene In Currency Markets
1.5 The Impossible Trinity And National Currencies
1.6 Currency Values In Practice
1.6.1 Exchange Rate Regimes Around The World
1.6.2 The World´s Key Currencies
2. Trade
2.1 Introduction
2.2 Some Basic Concepts
2.3 The Theory Of Absolute Advantage
2.4 Partial Equilibrium Analysis
2.5 The Benefits Of Free Trade
2.6 The Effect Of Tariffs: Losses From Protectionism
2.7 Does Anyone Lose From Trade? Trade And Incomes
2.8 Is Free Trade Still Beneficial Even If There Are "Losers"?
2.9 The Real World Of International Trade
2.9.1 Multilateral Arrangements
2.9.2 Regional Economic Integration
3. The Balance Of Payments And The Global Growth Model
3.1 Introduction
3.2 The Underlying Principles Of The Balance Of Payments
3.3 The Components Of The Balance Of Payments: Current And Financial Accounts
3.4 The Real Causes Of Current Account Imbalances: Savers Vs Dissavers
3.4.1 Total Spending Vs Total Consumption
3.4.2 A More Formal Approach: Absorption And Trade Balances
3.4.3 Another More Formal Approach: Net Borrowing
3.4.4 Special Cases Revisited: Commodity Exporters And Reserve-currency Countries
3.4.5 The Current Account And The Business Cycle
3.5 Are Current Account Imbalances A Problem?
3.6 How Can Current Account Imbalances Be Corrected?
3.7 The Current Account And Growth Models
3.7.1 National Growth Models
3.7.2 The Global Growth Model
4. Migration: Costs And Benefits
4.1 Introduction
4.2 Migration Flows In The World
4.3 How Does Migration Affect The Migrant´s Home (sending) Country?
4.4 How Does Migration Affect The Host (receiving) Country?
4.5 Why Is There So Much Opposition To Migration?
4.5.1 The Economic Issues
Table Of Contents
1. Exchange Rates And Currency Markets
Introduction
What Determines The Value Of A Currency?
Some Key Indicators To Watch
Special Cases: Commodity Currencies And Reserve Currencies
How Do Changing Currency Values Affect The Economy?
How Governments Intervene In Currency Markets
The Impossible Trinity And National Currencies
Currency Values In Practice
Exchange Rate Regimes Around The World
The World´s Key Currencies
2. Trade
Introduction
Some Basic Concepts
The Theory Of Absolute Advantage
Partial Equilibrium Analysis
The Benefits Of Free Trade
The Effect Of Tariffs: Losses From Protectionism
Does Anyone Lose From Trade? Trade And Incomes
Is Free Trade Still Beneficial Even If There Are "Losers"?
The Real World Of International Trade
Multilateral Arrangements
Regional Economic Integration
3. The Balance Of Payments And The Global Growth Model
Introduction
The Underlying Principles Of The Balance Of Payments
The Components Of The Balance Of Payments: Current And Financial Accounts
The Real Causes Of Current Account Imbalances: Savers Vs Dissavers
Total Spending Vs Total Consumption
A More Formal Approach: Absorption And Trade Balances
Another More Formal Approach: Net Borrowing
Special Cases Revisited: Commodity Exporters And Reserve-currency Countries
The Current Account And The Business Cycle
Are Current Account Imbalances A Problem?
How Can Current Account Imbalances Be Corrected?
The Current Account And Growth Models
National Growth Models
The Global Growth Model
4. Migration: Costs And Benefits
Introduction
Migration Flows In The World
How Does Migration Affect The Migrant´s Home (sending) Country?
How Does Migration Affect The Host (receiving) Country?
Why Is There So Much Opposition To Migration?
The Economic Issues