Big Open Economy Equilibrium: General Readings


All of the analytical tools used here were developed in the previous lessons, which should have been carefully worked through before attempting this Lesson. For relevant institutional background regarding the different types of world monetary institutions, you should read the first ten pages of J. E. Floyd, World Monetary Equilibrium, Philip Allan and University of Pennsylvania Press, 1985. This reference also contains a more advanced treatment of the theory developed in this lesson.

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