Trade and Payments Adjustment Under Flexible Exchange Rates PDF Download
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Author: International Economics Study Group
Publisher: Trade Policy Research Centre
ISBN:
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
Author: International Economics Study Group
Publisher: Trade Policy Research Centre
ISBN:
Category : Business & Economics
Languages : en
Pages : 284
Get Book Here
Book Description
Author: John Paul Martin
Publisher:
ISBN: 9780841950672
Category :
Languages : en
Pages : 220
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Book Description
Author: John P. Martin
Publisher:
ISBN:
Category :
Languages : en
Pages : 251
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Book Description
Author: Jan Herin
Publisher: Routledge
ISBN: 0429708165
Category : Political Science
Languages : en
Pages : 280
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Book Description
This book contains the papers, comments, and the discussion at a conference on "Flexible Exchange Rates and Stabilization Policy", held at Saltsjobaden, Stockholm, August 26–27, 1975. The papers integrate the flexible exchange rates theory with macro theory and stabilization policy analysis. .
Author: Franz Gehrels
Publisher: Springer Science & Business Media
ISBN: 3642841988
Category : Business & Economics
Languages : en
Pages : 308
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Book Description
Helmut Schneider 1. The Formulation of the Research Programme 1. In the late sixties the acceleration of US inflation revived the discussion of the fifties about the superiority of flexible exchange rates: The US balance of payments deteriorated since 1965, the dollar shortage after World War II changed to a dollar surplus. The import of US inflation by their main trading partners intensified political pressures so that at the beginning of the seventies most leading countries decided, contrary to the rules of the Bretton Woods agreement, to stop their intervention in the market for foreign exchange and to let the exchange rates be determined by market forces. It is worthwhile recalling that at that time one had only very limited experience with the regime of flexible exchange rates: The most important case, the floating of Canadian against the US dollar, could not be generalized to a world where nearly all important countries adhered to the regime of flexible exchange rates. ! - But one really had rich experience with destabilizing capital flows (or "hot money") that forced monetary authorities to adjust exchange rates in a system of managed flexibility to the expecta tions of "speculators".
Author: David Bigman
Publisher: Beard Books
ISBN: 9781587981296
Category : Business & Economics
Languages : en
Pages : 356
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Book Description
Analyzes developments in the international monetary system since 1973, with anew added epilogue.
Author: Richard Blackhurst
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 100
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Book Description
Author: Robert M. Dunn
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Author: Egon Sohmen
Publisher: North Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 386
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Book Description
Author: A. P. Thirlwall
Publisher: Edward Elgar Publishing
ISBN:
Category : Balance of payments
Languages : en
Pages : 200
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Book Description
This book is a synthesis of the author's ideas and research concerning the monetary consequences of trade flows, and the relevance of conventional balance of payments adjustment theory. These ideas are considered mainly in the context of developing countries, many of which suffer from deep structural difficulties and severe foreign exchange shortages. Mainstream economic theory regards the balance of payments to be self-adjusting, meaning that the impact of the balance of payments on the growth and development process is neither considered nor analysed. In contrast, the author emphasises the importance of integrating monetary considerations into trade theory and argues that the balance of payments consequences of trade policy need to be carefully addressed. This approach has a number of implications for important issues such as the sequencing of trade liberalisation; the role of the exchange rate in equilibrating the balance of payments; the case for protection; and the way in which the importance of export growth is articulated. Some of the ideas expressed have a long and distinguished ancestry, but they are not part of the mainstream orthodoxy and need airing in a world increasingly divided into rich and poor countries. The author also considers the case for a new international economic order which would better serve the needs of developing countries, particularly by stabilising primary product prices and controlling speculative capital flows. Trade and development economists, and policymakers concerned with economic growth and development, will appreciate the original and illuminating research in this book.
