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by Stephanie Schmitt-Grohe Martin Uribe
Publisher: Duke University 2008
Number of pages: 184
This is a field course in International Macroeconomics. It develops a theoretical framework for the analysis of the determinants of international capital movements, trade imbalances, and nominal and real exchange rates. The theoretical framework is then used as the basis for the discussion of policy issues such as the emergence of the U.S. as a foreign debtor in the 1980s, the developing country debt crisis, exchange-rate-based inflation stabilization, debt default, and balance-of-payment crises.