Exchange Rate Determination in the Process of International Adjustment Under Conditions of Full Employment
Author: Francis Joseph Deastlov
Publisher:
Published: 1986
Total Pages: 652
ISBN-13:
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Author: Francis Joseph Deastlov
Publisher:
Published: 1986
Total Pages: 652
ISBN-13:
DOWNLOAD EBOOKAuthor: Franz Gehrels
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 308
ISBN-13: 3642841988
DOWNLOAD EBOOKHelmut 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: Jagdeep S. Bhandari
Publisher: Greenwood
Published: 1982
Total Pages: 294
ISBN-13:
DOWNLOAD EBOOKAuthor: International Economics Study Group
Publisher: Trade Policy Research Centre
Published: 1979
Total Pages: 284
ISBN-13:
DOWNLOAD EBOOKAuthor: John F. Bilson
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 542
ISBN-13: 0226050998
DOWNLOAD EBOOKThis volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.
Author: John Maynard Keynes
Publisher:
Published: 1989
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKAuthor: Pierre-Richard Agénor
Publisher: International Monetary Fund
Published: 1995-11-01
Total Pages: 98
ISBN-13: 1451854781
DOWNLOAD EBOOKThis paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Author: Ronald MacDonald
Publisher: Routledge
Published: 2005
Total Pages: 334
ISBN-13: 1134838220
DOWNLOAD EBOOK''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Author: International Monetary Fund
Publisher:
Published: 1944
Total Pages: 80
ISBN-13:
DOWNLOAD EBOOKAuthor: Tamim Bayoumi
Publisher:
Published: 1994
Total Pages: 58
ISBN-13:
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