Exchange Rates and Policy Coordination PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Exchange Rates and Policy Coordination PDF full book. Access full book title Exchange Rates and Policy Coordination by Peter B. Kenen. Download full books in PDF and EPUB format.
Author: Peter B. Kenen
Publisher: Manchester University Press
ISBN: 9780719030390
Category : Business & Economics
Languages : en
Pages : 136
Get Book Here
Book Description
Author: Peter B. Kenen
Publisher: Manchester University Press
ISBN: 9780719030390
Category : Business & Economics
Languages : en
Pages : 136
Get Book Here
Book Description
Author: William H. Branson
Publisher: University of Chicago Press
ISBN: 0226071383
Category : Reference
Languages : en
Pages : 396
Get Book Here
Book Description
Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.
Author: C. Randall Henning
Publisher: Peterson Institute
ISBN: 0881325775
Category : Foreign exchange rates
Languages : en
Pages : 141
Get Book Here
Book Description
Author: Paul R. Masson
Publisher: World Scientific
ISBN: 981435015X
Category : Business & Economics
Languages : en
Pages : 355
Get Book Here
Book Description
This volume provides an integrated compilation of selected major articles published by the author in several fields of international finance. These include contributions to the understanding of currency crises and financial contagion, the evolution of exchange rate regimes, the interaction between national fiscal policies and regional monetary unions, and the effect of uncertainty on the gains from international economic policy coordination. The author spent most of his career doing research at established institutions (the Bank of Canada, OECD, and IMF), and these articles emerged from the need to understand the major economic policy issues of the day. In the book's introduction, the author discusses the motivation for these contributions and the unifying themes that emerged, while a concluding chapter provides his personal reflections and suggestions about promising avenues for further research.
Author: Peter Bain Kenen (Wirtschaftswissenschaftler)
Publisher:
ISBN:
Category :
Languages : en
Pages : 130
Get Book Here
Book Description
Author: Peter B. Kenen
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 56
Get Book Here
Book Description
Author: Silke Fabian
Publisher: Springer Science & Business Media
ISBN: 3642500293
Category : Business & Economics
Languages : en
Pages : 175
Get Book Here
Book Description
With the breakdown of the Bretton Woods System and the begin of floating between the major currencies, central banks have been formally freed from their obligations to defend the fixed parities of bilateral exchange rates. Nev ertheless, since then there have been countless occasions on which monetary authorities have officially intervened in the foreign exchange market. More over, numerous studies indicate that exchange rates have been much more variable than originally anticipated - in real and in nominal, as well as in short run and longer run measures (see for example Hesse and Braasch [1989] and Marston [1988]). Through the experience of high real sector costs, the topic of optimal exchange rate management soon reentered policy discussions. The term exchange rate management encompasses both the choice of ex change rate regime as well as active intervention policies within the given 1 system. Much of the recent policy discussion has focussed on the first issue, in particular proposals of how to reform the present international monetary order. And new systems such as the European Monetary System (EMS) have emerged for subgroups of countries. However, the question of finding the optimal system has not yet been resolved.
Author: Michael C. Webb
Publisher: Cornell University Press
ISBN: 1501745344
Category : Political Science
Languages : en
Pages : 291
Get Book Here
Book Description
Michael C. Webb explores a central question about postwar economic history: how has the growth of international markets affected the coordination of economic policy among nations? His analysis overturns the popular assumption that policy coordination has eroded as American hegemony has receded. Instead, he argues that the growing mobility of capital forced governments to abandon the strategies they had used in the 1950s and 60s to insulate monetary and fiscal policies from international influences, and to move toward more direct coordination of central economic strategies. Webb shows that since 1945 there has been a crucial shift in the pattern of international collaboration. He focuses on three types of adjustment policy: trade and capital controls, balance-of-payment lending and intervention in foreign-exchange markets, and monetary and fiscal policies. Noting that the first two types are no longer effective, he demonstrates that governments now rely more on monetary and fiscal policy coordination to regulate the global economy. As the expansion of international finance created greater turbulence in the global economy in the 1980s, the liberal system of international trade threatened to collapse. Webb examines in particular how the United States, Japan, and Germany took unprecedented steps to coordinate monetary and fiscal policies in the late 1980s and early 1990s, although domestic political obstacles—not any decline in U.S. power—limited the impact of this policy coordination. He concludes by assessing the effectiveness of these attempts to reconcile the goal of a stronger liberal system of economic exchange with the desire to maintain national autonomy.
Author: W. Max Corden
Publisher: University of Chicago Press
ISBN: 0226115917
Category : Business & Economics
Languages : en
Pages : 335
Get Book Here
Book Description
This account of exchange rates in the international monetary system considers the issues in international macroeconomics. Using theoretical models of international economics it explains the effects of various policies and issues in macroeconomics.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451969821
Category : Business & Economics
Languages : en
Pages : 59
Get Book Here
Book Description
This paper discusses the scope, methods, and effects of international coordination of economic policies. In analyzing the scope for and of coordination, the paper addresses the rationale for coordination, barriers to coordination, the range and specificivity of policies to be coordinated, and the frequency of coordination. In evaluating the methods of coordination, the emphasis is on the broad issues of rules versus discretion, single-indicator versus multi-Indicator systems, and hegemonic versus symmetric systems. Finally, using the MULTIMOD global macroeconomic model, some simulations are presented of several rule-based proposals for coordination.
