International economics

International Economics covers the study of international economics and its theories. The book discusses the monetary theory and the pure theory of international trade. Under the former theory, the topics tackled are the transfer of money between countries or foreign exchange operations; the mechanism of international payments; and the actual determination of exchange rates. The book describes the balance of payments and the balance of payment adjustments and its monetary, fiscal, and exchange rate policies. The determination of the quantity and composition of international reserves and the causes and consequences of trade are also considered. The book describes the modern theory, approaches and extensions to the trade theory, and the basis of trade. The text also investigates the effects of government intervention in trade, economic integration and cooperation, and the effect of trade in fostering economic development in less developed countries. Economists and students taking Economics and related courses will find this book invaluable.