Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Fixed and Flexible Rates: A Renewal of The Debate
Author: Fixed and Flexible Rates
Author: Jacques R. ArtusPublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 58
Book Description
The paper reviews the extent to which a decade of analysis and experience has altered thinking about the choice of an exchange rate system. The advantages of flexible rates are viewed to have been exaggerated. They do not permit governments to have permanently higher rates of economic activity at the expense of higher inflation as some thought. Further, the slow speed of adjustment to relative price changes limits the contribution of flexible rates to external adjustment in the short-run, and the degree of insulation from external influences that they provide. Finally, flexible rates tend to be fluctuating rates, and, although there is little empirical evidence so far showing that the fluctuations have had adverse effects on trade and capital flows, the exchange rate instability more than any other factor has led to a certain disillusionment with the floating rate system. Notwithstanding the drawbacks of flexible rates, there will be a continuing need for exchange rate flexibility over the next few years, and some analysis is given of the problems of achieving greater stability under flexible rates or the requisite amount of flexibility under pegged rates
Judging Economic Policy
Author: Richard J SweeneyPublisher: Routledge
ISBN: 0429723644
Category : History
Languages : en
Pages : 196
Book Description
In this engaging volume, the editors present the influential work of economist Gottfried Haberler, whom Paul Samuelson judges qualified for about two-and-a-half Nobel prizes in economics. Throughout the book, Haberlers essays reveal the clarity of his analyses and his ability to identify crucial policy choices, whether grappling with issues of inflation, unemployment, trade, or development. Presenting Haberler as the eclectic economist he is, the editors show that far from being an ideologue, Haberler is an economist who uses whatever approaches and theories are appropriate for the problems he considers. Paul Samuelson judges that Gottfried Haberlers work should qualify him for about two-and-a-half Nobel Prizes in economicsone for his quantum improvement in trade theory beyond Ricardos paradigm of labors comparative advantage, one for his definitive synthesis of business cycle theory, and beyond these his policy wisdom over a period of six decades. It is Haberlers policy wisdom that serves as the basis for this comprehensive collection of the eminent economists work.Throughout the book, Haberlers contributions demonstrate the clarity of his analyses for exploring the complex economics of policy issues and for identifying key governmental responses to problems of unemployment, trade, and development. Presenting Haberler as the eclectic economist he is, the editors show that far from being an ideologue, Haberler is an economist who uses whatever approaches and theories are appropriate for the problems he considers. The portrait that emerges is one of a multifaceted thinker, able to choose freely among competing theories and to effectively apply them to complex and demanding policy issues.
International Economics: Theory And Policy
Author: Dwivedi D.N.Publisher: Vikas Publishing House
ISBN: 9325969238
Category : Business & Economics
Languages : en
Pages : 561
Book Description
International Economics: Theory and Policy is a comprehensive, authentic and up-to-date textbook on the subject, which meets the study requirements of undergraduate and post-graduate students of international economics, international business management and those appearing for competitive examinations. The book presents the complex theories of international economics in a technically simple and comprehensible manner without sacrificing the analytical precision and sophistication of the theories. The purpose is to facilitate the students’ entry into the complex subject matter of international economics. FEATURES/BENEFITS • Covers the undergraduate and post-graduate syllabuses of international economics • Technically simple and comprehensible presentation of complex theories • Non-mathematical treatment of the theoretical aspects • Extensive use of graphical technique as an analytical tool • Standard analytical models used to present complex trade theories • Real examples of foreign trade problems used to introduce a topic • Covers India’s foreign trade and balance of payment
The Merits of Flexible Exchange Rates
Author: Leo MelamedPublisher: Univ Publ Assn
ISBN: 1461723701
Category : Business & Economics
Languages : en
Pages : 555
Book Description
This anthology of significant writings by eminent economists is, in part, a critique of the Bretton Woods system of fixed exchange rates, which was very successful at the time it was instituted but which, because of its rigidity, failed in the end to address the economic problems of the post-war era. The authors suggest that the stock market crash of 1987 might not have occurred if market forces had been allowed simply to run their course in the absence of any real economic restrictions. Contributors include: Harry Johnson, Fritz Machlup, Milton Friedman, Gottfried Haberler, Henry Wallich, Alan Greenspan, Leo Melamed, Jacques de Larosiere, Beryl Sprinkel, Michael L. Mussa, Martin Feldstein, Jacob Frenkel, Rudiger Dornbusch, Morris Goldstein, Rachel McCulloch, Paul R. Krugman, William H. Branson, Thomas D. Willett, J. Carter Murphy.
Exchange Rate Economics
Author: Ronald MacDonaldPublisher: Routledge
ISBN: 1134838220
Category : Foreign exchange
Languages : en
Pages : 334
Book Description
''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""
Choosing an Exchange Rate Regime
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 9781557751331
Category : Business & Economics
Languages : en
Pages : 394
Book Description
This collection of papers, edited by Victor Argy and Paul De Grauwe, examines issues surrounding the choice of exchange rate regime in smaller industrial countries. It contains a comprehensive summary by Jacques J. Polak.
Current Exchange Rate Relationship of the U.S. Dollar and the Japanese Yen
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on TradePublisher:
ISBN:
Category : Dollar, American
Languages : en
Pages : 192
Book Description
From Creditor to Debtor
Author: Giuseppe AmmendolaPublisher: Routledge
ISBN: 1351116886
Category : Business & Economics
Languages : en
Pages : 337
Book Description
This study, first published in 1994, examines an important issue, the repeal of the thirty percent withholding tax imposed by the US on interest payments to non-resident alien individuals and foreign corporations, that is emblematic of the US quest for foreign capital in the 1980s. It presents an interdisciplinary and multidisciplinary analytical approach to show how important the access to foreign capital had become on the eve of the US turning into a debtor nation.
Legal and institutional Aspects of the international Monetary System
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 9780939934133
Category : Business & Economics
Languages : en
Pages : 978
Book Description
IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.