In this book, the reader will find early, classical, neoclassical, and contemporary theories of trade and their extensions, accompanied by a plethora of empirical tests. They will understand the significance of economic integration and the impact of trade policies on both domestic and international economies, in developing and developed countries, as well as the connection between international trade and economic development.

The book offers various tools of trade policy and helps readers grasp the fundamental principles, main characteristics, and functioning of the foreign exchange market and other important international financial markets such as the derivatives market.

This book also develops fundamental principles of international monetary economics and international monetary systems, as well as issues regarding national income, the balance of payments, and current account balances.

Finally, it thoroughly analyzes topics related to macroeconomic policy in an open economy and economic policies under fixed and flexible exchange rates. It discusses global monetary regulations and agreements, as well as the past, present, and future of significant international monetary systems.

All the aforementioned issues are enriched with a multitude of examples, case studies, and diagrams, thereby contributing to a better understanding by the reader. It is a comprehensive book that covers a wide range of issues in international economics and finance and helps the reader familiarize themselves with economic concepts particularly useful in today’s complex international economic environment.