International monetary and financial economics / Joseph P. Daniels and David D. Van Hoose

Includes index.

Chapter1. Keeping up with a changing world - trade flows, capital flows, and the balance of payments -- Chapter2. The market for foreign exchange -- Chapter3. Exchange-rate systems, past to present -- Chapter4. The forward currency market and international financial arbitrage -- Chapter5. Interest Yields, interest-rate risk, and derivative securities -- Chapter6. International banking, central banks and supranational financial policy institution -- Chapter7. The international financial architecture and emerging economies -- Chapter8. Traditional approaches to balance-of-payments and exchange-rate determination -- Chapter9. Monetary and portfolio approaches to balance-of-payments and exchange-rate determination -- Chapter10. An open economy framework -- Chapter11. Economic policy with fixed exchange rate -- Chapter12. Economic policy with floating exchange rates -- Chapter13. The price level, real output and economic policy making -- Chapter14. Domestic economic policy making in a global economy -- Chapter15. Policy coordination, monetary union and target zones.

The fact that our global economy is broken may be widely accepted, but what precisely needs to be fixed has become the subject of enormous controversy.