Principles of International Finance and Open Economy Macroeconomics : Theories, Applications, and Policies / Cristina Terra, THEMA, Universite de Cergy-Pontoise.

"Originally published in Portugues languages under the title: Financas Internacionais."

Includes bibliographical references (pages 337-340) and index.

Introduction -- How to measure international transactions -- The foreign exchange market -- What is the optimum current-account level? -- The equilibrium real exchange rate -- Money and exchange rate in the long run -- Macroeconomic policies and exchange rate in the short run -- Portfolio diversification and capital flows -- Currency crises -- Exchange rate regimes -- Political economy of exchange rate policy.

This book presents a macroeconomic framework for understanding and analyzing the global economy from the perspectives of emerging economies and developing countries. It emphasizes problems in emerging economies, such as those in Latin American countries. It also explains recent developments in international finance that are essential to understand effects and implications of the recent financial crisis, not present in other textbooks. Explanations are made step-by-step, focusing on economic intuition. More complicated mathematical passages are developed in appendices at the end of the chapter.

Text in English.