This book analyses Jamaica’s ability to satisfy its short and long run foreign currency obligations in light of recurrent balance of payment support from international lending agencies. Jamaica is one of the top five indebted nations in the world, and despite entering 13 successive...

This book extends Thirlwall's model and adapts its implications to the current problems facing developed and emerging economies. In this context, this book combines theoretical models and empirical applications, unveiling new results and highlighting the importance of the balance of payments as...

This book examines the macroeconomic and regulatory impact of domestic and international shocks on the South African economy resulting from the 2009 financial crisis. It also assesses the impact of the US economy’s eventual recovery from the crisis and the prospect of higher US interest rates...

Introduction and Overview -- Part One–International Trade Theory -- The Origins of Trade Theory -- The Ricardian Trade Model.- Factor Intensity -- Stripping Away Ricardo’s Assumptions -- Trade Barriers and Protectionism -- Part Two–Global Macroeconomics -- Global Macroeconomics -- Exchange...

Deutschands Wirtschaftswunder im System von Bretton Woods -- Chinas Aufstieg unter Bretton Woods II -- Wirtschaftswunder Deutschland und China im Vergleich -- Theorie exportgetriebenen Wachstums und internationaler Kapitalflüsse -- Ein Gleichgewichtsmodell globaler Ungleichgewichte --...

Grundlagen der Optionspreistheorie -- Extrahierung der risikoneutralen Wahrscheinlichkeitsdichtefunktion -- Anwendungsgebiete risikoneutraler Wahrscheinlichkeitsdichtefunktionen -- Empirische Untersuchungen -- Zusammenfassung und Schlussfolgerungen.

The growing complexity of many real world problems is one of the biggest challenges of our time. The area of international finance is one prominent example where decision making is often fraud to mistakes, and tasks such as forecasting, trading and hedging exchange rates seem to be too difficult...

A Theoretical Framework -- Specifications and Assumptions -- Underlying Equilibrium Growth Paths -- Variations in Employment -- Some Important Implications -- Exchange Rate Overshooting -- Exchange Rate Determination -- Issues Regarding Exchange Rate Determination -- Time Series Properties of...

The book focuses on forecasting foreign exchange rates via artificial neural networks. It creates and applies the highly useful computational techniques of Artificial Neural Networks (ANNs) to foreign-exchange-rate forecasting. The result is an up-to-date review of the most recent research...