Description
Book SynopsisCovering topics such as the behavior of exchange rates, the choice of exchange-rate regime, current-account adjustment in classical and Keynesian models, the effects of capital mobility, international debt and international policy coordination, this book underscores the importance of these subjects and identifies lessons for policymakers.
Table of ContentsList of FiguresList of TablesIntroduction1The Endogeneity of Exchange-Rate Regimes32Exchange-Rate Behavior under Alternative Exchange-Rate Arrangements343Panel: One Money for How Many?844Exchange Rates, Prices, and External Adjustment in the United States and Japan1075The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence1696International Capital Mobility in the 1990s2017A Retrospective on the Debt Crisis2628Trade Liberalization in Disinflation2919Inflation and Growth in an Integrated Approach31310Panel: The Outlook for Stabilization and Reform in Central and Eastern Europe36811International Cooperation in the Making of National Macroeconomic Policies: Where Do We Stand?39112The Political Economy of Monetary Union44813What Do We Need to Know about the International Monetary System?509Conference Participants531Author Index535Subject Index543
