International Economics

  1. Open-Economy Macroeconomics
    1. International Monetary System Evolution
      1. Classical Gold Standard
        1. Mechanism and Rules
          1. Adjustment Process
            1. Collapse and Lessons
            2. Interwar Period
              1. Competitive Devaluations
                1. Trade Wars
                  1. Policy Coordination Failures
                  2. Bretton Woods System
                    1. Fixed but Adjustable Rates
                      1. Dollar-Gold Standard
                        1. IMF and World Bank Creation
                          1. System Breakdown
                          2. Post-Bretton Woods Era
                            1. Managed Floating
                              1. Plaza and Louvre Accords
                                1. Current System Characteristics
                              2. Exchange Rate Regimes
                                1. Classification Systems
                                  1. Fixed Exchange Rate Systems
                                    1. Currency Pegs
                                      1. Currency Boards
                                        1. Dollarization
                                        2. Flexible Exchange Rate Systems
                                          1. Free Floating
                                            1. Managed Floating
                                            2. Intermediate Regimes
                                              1. Crawling Pegs
                                                1. Target Zones
                                                  1. Adjustable Pegs
                                                  2. Currency Unions
                                                    1. Optimal Currency Area Theory
                                                      1. European Monetary Union
                                                    2. Mundell-Fleming Model
                                                      1. Model Framework
                                                        1. IS Curve in Open Economy
                                                          1. LM Curve
                                                            1. Balance of Payments Curve
                                                            2. Perfect Capital Mobility Case
                                                              1. Fixed Exchange Rates
                                                                1. Monetary Policy Ineffectiveness
                                                                  1. Fiscal Policy Effectiveness
                                                                  2. Flexible Exchange Rates
                                                                    1. Monetary Policy Effectiveness
                                                                      1. Fiscal Policy Ineffectiveness
                                                                    2. Imperfect Capital Mobility
                                                                      1. Policy Mix and Coordination
                                                                      2. Impossible Trinity
                                                                        1. Three Policy Objectives
                                                                          1. Exchange Rate Stability
                                                                            1. Monetary Policy Independence
                                                                              1. Capital Mobility
                                                                              2. Policy Trade-offs
                                                                                1. Country Experiences
                                                                                  1. Policy Implications
                                                                                  2. International Policy Coordination
                                                                                    1. Benefits of Coordination
                                                                                      1. Obstacles to Coordination
                                                                                        1. Game Theory Applications
                                                                                          1. Historical Examples

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                                                                                        5. Balance of Payments

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                                                                                        7. International Financial Markets and Crises