International Macro-Finance
20 Pages Posted: 15 Jan 2011
There are 3 versions of this paper
International Macro-Finance
International Macro-Finance
International Macro-Finance
Date Written: December 22, 2010
Abstract
International macro-finance is a new area of open economy macroeconomics that brings portfolio choice and asset pricing considerations into models of international macroeconomics. The importance of these considerations - typically relegated to Finance and largely overlooked in traditional macroeconomics - for the international macroeconomy have been underscored by a series of recent financial crises and by unprecedented global imbalances. In this paper, we survey recent developments in this area, primarily on the theoretical front. We also suggest several promising directions for future research.
Keywords: International Macroeconomics, Asset Pricing, International Macro-Finance, International Portfolios, Equity Prices
JEL Classification: G12, G15, F31, F36
Suggested Citation: Suggested Citation
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