INTERNATIONAL TRADE & THEORY

What causes banking and currency crises in open economies, how do policymakers deal with

international financial uncertainty, and what causes financial contagion between economies? What part

do exchange rates play in governments' attempts to escape unemployment and inflation, and how can

countries better collaborate to achieve their economic goals? The interaction of events and ideas has led

to new forms of study in international economics, as it has always done. As a result, these analytical

breakthroughs, however esoteric they can seem at first, end up playing a significant role in government

policies, foreign negotiations, and people's daily lives.