International Finance and Open-Economy Macroeconomics

  • Giancarlo Gandolfo

Part of the Springer Texts in Business and Economics book series (STBE)

Table of contents

  1. Front Matter
    Pages i-xxi
  2. Introduction

    1. Front Matter
      Pages 1-1
  3. The Basics

    1. Front Matter
      Pages 11-11
    2. Giancarlo Gandolfo
      Pages 13-37
    3. Giancarlo Gandolfo
      Pages 39-51
    4. Giancarlo Gandolfo
      Pages 53-66
    5. Giancarlo Gandolfo
      Pages 67-83
    6. Giancarlo Gandolfo
      Pages 85-94
  4. Flow Approaches

    1. Front Matter
      Pages 95-95
    2. Giancarlo Gandolfo
      Pages 97-126
    3. Giancarlo Gandolfo
      Pages 127-159
    4. Giancarlo Gandolfo
      Pages 161-190
    5. Giancarlo Gandolfo
      Pages 191-220
  5. Stock and Stock-Flow Approaches

    1. Front Matter
      Pages 243-243
    2. Giancarlo Gandolfo
      Pages 311-329
  6. The Exchange Rate

    1. Front Matter
      Pages 331-331
    2. Giancarlo Gandolfo
      Pages 333-384
    3. Giancarlo Gandolfo
      Pages 385-422
    4. Giancarlo Gandolfo
      Pages 423-454
  7. The Intertemporal Approach

    1. Front Matter
      Pages 455-455
    2. Giancarlo Gandolfo
      Pages 497-525
  8. International Monetary Integration

    1. Front Matter
      Pages 527-527
    2. Giancarlo Gandolfo
      Pages 557-581
  9. Problems of the International Monetary (Non)System

    1. Front Matter
      Pages 583-583
    2. Giancarlo Gandolfo
      Pages 635-666
  10. Back Matter
    Pages 667-681

About this book


This book deals with the financial side of international economics and covers all aspects of international finance. There are many books and articles by exponents of alternative points of view. I know of no other book that provides the scope, balance, objectivity and rigor of this book. 

the late Professor Jerome L. Stein, Brown University 

This book is a second edition of a volume on international finance  first published in 2001. Like Giancarlo’s other books in International Economics, this book is organised as a two-books-in-one by distributing the material between text and appendices. The text provides coverage suitable for an undergraduate course while the mathematical appendices provide coverage of the topics at the frontier of the discipline and suitable for advanced undergraduate or graduate students in an  international finance and international macroeconomics course. 

This edition updates the earlier volume and covers all the classic topics  as well as the more recent advances in the theory and  modelling of international finance. It includes some discussion of the empirical testing of these theories and where appropriate reference to the extensive empirical literature is also provided. 

This book is a valuable addition to the bookshelf of any serious International Finance Scholar and provides a treasure chest of material for any quality international finance course. 

Professor Pasquale M Sgro, Deakin University 

Giancarlo Gandolfo is one of the profession's most gifted textbook authors on mathematical modeling and international economics. His revised International Finance and Open-Economy Macroeconomics is remarkable for its scope and clarity. The book covers the older and intertemporal approaches, and topics that are usually left out of graduate treatments (the chapter on balance-of-payments accounting is a gem). Gandolfo's two-tier approach of first developing topics with graphs and basic algebra and then providing rigorous mathematics for each topic makes the book ideal for advanced undergraduate and graduate classes. 

Professor Michael D. Goldberg, University of New Hampshire


International economics International finance International macroeconomics Mathematical modeling Monetary economics

Authors and affiliations

  • Giancarlo Gandolfo
    • 1
  1. 1.Classe di Scienze MoraliAccademia Nazionale dei LinceiRomeItaly

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag Berlin Heidelberg 2016
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-662-49860-6
  • Online ISBN 978-3-662-49862-0
  • Series Print ISSN 2192-4333
  • Series Online ISSN 2192-4341
  • Buy this book on publisher's site