International Trade Under Flexible Exchange Rates
Author: John Burr Williams
Publisher:
Published: 1954
Total Pages: 356
ISBN-13:
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Author: John Burr Williams
Publisher:
Published: 1954
Total Pages: 356
ISBN-13:
DOWNLOAD EBOOKAuthor: International Economics Study Group
Publisher: Trade Policy Research Centre
Published: 1979
Total Pages: 284
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. General Accounting Office
Publisher:
Published: 1986
Total Pages: 52
ISBN-13:
DOWNLOAD EBOOKAuthor: Joseph E. Gagnon
Publisher: Peterson Institute
Published: 2011
Total Pages: 301
ISBN-13: 0881326356
DOWNLOAD EBOOKVolatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction.
Author: Richard Blackhurst
Publisher:
Published: 1980
Total Pages: 100
ISBN-13:
DOWNLOAD EBOOKAuthor: John Tirman
Publisher:
Published: 1985
Total Pages: 328
ISBN-13:
DOWNLOAD EBOOKThese essays review recent advances in exchange rate analysis and new empirical analysis of the behavior of exchange rates and their effects on international trade and the U.S. economy. The first section deals with the determination of exchange rates and their alleged volatility and disequilibrium levels. The second section concerns the effects of flexible exchange rates on international trade, and the third treats the macroeconomic linkages between economies and international influences on the U.S. economy. ISBN 0-88410-948-8 : $39.95.
Author: Jorge Braga de Macedo
Publisher:
Published: 1986
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKAuthor:
Publisher:
Published: 1954
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Jan Herin
Publisher: Routledge
Published: 2019-03-12
Total Pages: 280
ISBN-13: 0429708165
DOWNLOAD EBOOKThis 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: Josef Hunkeler
Publisher: Peter Lang Group Ag, International Academic Publishers
Published: 1977
Total Pages: 152
ISBN-13:
DOWNLOAD EBOOKThe purpose of this paper is to establish a framework for the analysis of trade responses to exchange rate changes as well as to provide some detailed quantitative answers as regards the structure of Swiss imports. This paper's contribution is to have established - once more - that prices do matter in international trade, and that trade reactions are quite swift - but also, that true expenditure switching remains very limited.