Some Comparative Studies Currency Devaluation in Developing Countries
Author: Richard Cooper
Publisher:
Published:
Total Pages: 16
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: Richard Cooper
Publisher:
Published:
Total Pages: 16
ISBN-13:
DOWNLOAD EBOOKAuthor: Richard N. Cooper
Publisher: Princeton, N.J. : International Finance Section, Princeton University
Published: 1971
Total Pages: 48
ISBN-13:
DOWNLOAD EBOOKAuthor: Richard N. Cooper
Publisher:
Published: 1971
Total Pages: 38
ISBN-13:
DOWNLOAD EBOOKAuthor: James R. Owen
Publisher: Ashgate Publishing
Published: 2005
Total Pages: 168
ISBN-13:
DOWNLOAD EBOOKIllustrated by comparative case studies from Chile, Malaysia and South Korea, this book examines the impacts resulting from currency devaluation on major elements of a developing nation's export portfolio.
Author: Michael D. Bordo
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 692
ISBN-13: 0226066908
DOWNLOAD EBOOKAt the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustment, liquidity, and transmission under the System; the way it affected developing countries; and the role of the International Monetary Fund in maintaining a stable rate. The authors examine the reasons for the System's success and eventual collapse, compare it to subsequent monetary regimes, such as the European Monetary System, and address the possibility of a new fixed exchange rate for today's world.
Author: Pan A. Yotopoulos
Publisher: Cambridge University Press
Published: 1996
Total Pages: 356
ISBN-13: 9780521482165
DOWNLOAD EBOOKThis book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefulness and validity of the theoretical framework.
Author: Richard N. Cooper
Publisher:
Published: 1969
Total Pages: 55
ISBN-13:
DOWNLOAD EBOOKAuthor: Bela A. Balassa
Publisher:
Published: 1980
Total Pages: 508
ISBN-13:
DOWNLOAD EBOOKAuthor: Michael B. Connolly
Publisher: Routledge
Published: 2018-03-15
Total Pages: 264
ISBN-13: 1351043900
DOWNLOAD EBOOKThis book, first published in 1973, presents a collection of original contributions to the analysis of international trade and monetary relations by a number of distinguished economists. The papers bear on six topics in trade theory: the inadequacies of classical trade theory, customs unions, immiserising growth, the international transmission of technical change, multinational company behaviour, and comparative trends in income distribution. Chapters dealing with international monetary relations focus on general equilibrium analysis of spot and forward exchange markets, money supply analysis in open economies, devaluation in developing countries, the sharing of the burden of international adjustment, the monetary approach to balance-of-payments theory, and the integration of Keynesian and monetary approaches to international adjustment. Taken together, they summarize much of the most advanced contemporary research in international economics. The volume is unified by the contributors' common belief that economic theory can help solve important and relevant problems in international economic relations. All the contributions represent original work on the frontiers of research in international economics, but they use simple and understandable techniques to reach their conclusions.
Author: Sebastian Edwards
Publisher: Johns Hopkins University Press
Published: 1988
Total Pages: 110
ISBN-13:
DOWNLOAD EBOOKThis article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.