Introduction to the theory of international trade and finance with applications to current policy issues. From the ….e. international trade, and what determines the flow of savings and investments from one country to another, i.e. international finance … globalization, free trade agreements, the large current account deficits of the US, the prospects for exchange rates, and the calls …

Trade with differentiated goods normally provides a form of insurance against disasters, such as floods and fires … affecting also the trading partners are preferred over idiosyncratic shocks. Trade thus increases economic vulnerability to …