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Roshani Champika
Roshani Champika

International Economics Miltiades Chacholiades 25.pdfl


International Economics by Miltiades Chacholiades




International economics is a branch of economics that studies the interactions between countries in terms of trade, finance, and monetary policy. It covers topics such as the determinants and effects of international trade, the balance of payments, exchange rates, and international monetary systems. International economics also analyzes the impact of globalization, regional integration, and trade policy on the welfare of nations and the world economy.




International Economics Miltiades Chacholiades 25.pdfl


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One of the most comprehensive and rigorous textbooks on international economics is International Economics by Miltiades Chacholiades. This book was first published in 1990 as a revised edition of his earlier work Principles of International Economics (1981). It is part of the McGraw-Hill series in international business and economics. The book has 595 pages and is divided into six parts: (1) Introduction, (2) The Theory of International Trade, (3) Trade Policy, (4) The Balance of Payments and Exchange Rates, (5) The International Monetary System, and (6) Economic Integration.


The book provides a systematic introduction to the modern pure theory of international trade, as well as a critical evaluation of the empirical evidence and policy implications. It covers both the classical and the modern approaches to trade theory, including the Heckscher-Ohlin model, the factor price equalization theorem, the Stolper-Samuelson theorem, the Rybczynski theorem, the Leontief paradox, the new trade theory, and the new economic geography. It also discusses the effects of trade on income distribution, growth, and development. The book also examines the various instruments and objectives of trade policy, such as tariffs, quotas, subsidies, dumping, non-tariff barriers, strategic trade policy, and trade negotiations. It analyzes the welfare effects of trade policy using partial and general equilibrium models, as well as game theory. It also explores the role of international organizations and agreements in regulating trade, such as the World Trade Organization (WTO), the General Agreement on Tariffs and Trade (GATT), and regional trade blocs.


The book also presents a comprehensive treatment of the balance of payments and exchange rates, including their determination, adjustment mechanisms, and policy issues. It explains the concepts and accounting principles of the balance of payments, as well as the sources and effects of balance of payments disequilibrium. It also discusses the alternative exchange rate regimes, such as fixed, flexible, crawling peg, managed float, and target zone systems. It also examines the factors that influence exchange rate movements, such as interest rates, inflation rates, expectations, speculation, and intervention. It also evaluates the performance and problems of different exchange rate systems in terms of stability, efficiency, and adjustment.


The book also provides an in-depth analysis of the international monetary system, including its evolution, structure, and functioning. It traces the history of the international monetary system from the gold standard to the Bretton Woods system to the current floating rate system. It also discusses the role and functions of international financial institutions, such as the International Monetary Fund (IMF), the World Bank, and the Bank for International Settlements (BIS). It also examines the major issues and challenges facing the international monetary system, such as global imbalances, currency crises, capital flows, monetary integration, and reform.


The book also explores the theory and practice of economic integration among countries. It defines and classifies different types and degrees of economic integration, such as free trade areas, customs unions, common markets, economic unions, and monetary unions. It also analyzes the costs and benefits of economic integration using static and dynamic models. It also reviews the empirical evidence on the effects of economic integration on trade creation and diversion, income distribution, growth, convergence, and macroeconomic coordination. It also surveys the main examples of economic integration in practice, such as the European Union (EU), NAFTA (North American Free Trade Agreement), ASEAN (Association of Southeast Asian Nations), MERCOSUR (Southern Common Market), etc.


In conclusion, International Economics by Miltiades Chacholiades is a comprehensive textbook that covers both theoretical and empirical aspects of international economics. It is suitable for advanced undergraduate or graduate students who want to learn more about this fascinating field. The book is available for free download from [the Internet Archive] or [Open Library]. Alternatively, you can buy a hard copy from [Google Books].


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