Resumen del libro
Reseña:
This book is exclusively written as an international finance textbook, providing a coherent introduction to the financial aspect of international economics. Utilizing the 1944 Bretton Woods Conference as a unifying theme, the book draws attention to the international financial system, and extends discussion on key topics such as foreign exchange markets, and the overall functioning of the open-economy macroeconomic system. The book also analyzes the 2008 international financial crisis and global recession, questions the need for another Bretton Woods Conference, and encourages critical thinking about the health of the current international financial system in promoting human well-being. This book will serve as a good reference source for people who are interested in key issues surrounding the international finance system and international economics.
indice: Preface
Part I Introduction to International Finance 1
Chapter 1 Introduction 3
1.1 From War to Depression and Back to War 5
1.1.1 The vision of the Bretton Woods delegates 6
1.1.2 1 July 1944 8
1.1.3 The accomplishments of Bretton Woods 11
1.1.4 The legacy of Bretton Woods 13
1.2 The Bigger Picture 14
1.2.1 The gains from dealing with strangers 15
1.2.2 The three benefits of human interaction are intertwined 17
1.2.3 Dependence on strangers is inherently problematic 18
1.2.4 The crucial role of institutions 20
1.2.5 The importance of learning 22
1.3 How Humans Advance Knowledge 22
1.3.1 The scientific method 23
1.3.2 The scientific method and absolute truth 25
1.3.3 Economic models and the scientific method 26
1.3.4 Holism 28
1.3.5 Economics and holism 29
1.3.6 Holism and science 30
1.4 The Field of International Finance 31
1.4.1 Defining the field 31
1.4.2 The topics to be covered 33
1.5 Back to Bretton Woods: Some Additional Introductory Comments 34
1.5.1 Is talking to foreigners treason? 34