From the reviews: "This book details how an open economy functions. ... Particular attention is paid to the problems of international economic integration at both the commercial and monetary level. This highly accessible textbook introduces students to the subject as well as equips them for further study. Advanced undergraduates and graduates will learn to read and interpret the balance of payments of a country ... ." (RKW-Bucherdienst Ratinalisierungskuratorium und Innovationszentrum der Deutschen Wirtschaft, 2004)