This advanced macroeconomics text is designed for senior undergraduates and postgraduates of international macroeconomics. Macroeconomics for Open Economies brings together the substantial body of current new thinking in this area and links theory with recent international and comparative experience. Much of its coverage is devoted to issues of contemporary interest such as macroeconmic policy coordination and European Monetary Integration; as well as the analysis of speculative bubbles and the intertemporal approach to the theory of open economy macroeconomics. Other innovative areas featured in this book are the analysis of macro-commercial policy, the debt crisis emanating from North-South interaction, the effects of natural resource booms in open economy as well as the role of imported intermediate inputs and non-traded goods in open economy macroeconomics.