Economic Policy, Exchange Rates and the International System

Name: Economic Policy, Exchange Rates and the International System
Price: 63.5 USD
Availability: InStock
ISBN: 9780198774099

ISBN-10: 0198774095

ISBN-13: 9780198774099

Edition: N/A

Authors: W.M. Corden

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In an outstanding account of exchange rates inthe international monetary system, W. Max Corden considers the essential issues in international macroeconomics. The author takes as his model the macroeconomic situation of a country with an open economy, and explains the effects of domestic fiscal and monetary macroeconomic policy on exchange rates. He clearly analyses the choices faced by governments attempting to manage both the domestic inflation rate and the external exchange rate and current account balance. Professor Corden then discusses the European Exchange Rate mechanism, and provides a sceptical analysis of the possibilities for monetary union in Europe, and for international policy…

Book details

Publisher: Oxford University Press
Pages: 334
Size: 4.77" wide x 7.23" long x 0.81" tall
Weight: 0.836



List of Figures


List of Tables


Abbreviations



Introduction



A Model of Balance-of-Payments Policy



Income Distribution, Wage Rigidity, and Balance-of-Payments Policy



Fiscal Policy, Monetary Policy, and Capital Mobility



Inflation and Exchange Rate Policy



Does the Current Account Matter?



The European Monetary System



Monetary Integration



Maastricht and the Transition to Monetary Union



The International Macro-System



The International Transmission of Disturbances



What Determines Exchange Rates in a Floating Rate Regime?



Macroeconomic Policy Coordination



Macroeconomic Policy and Protection



What Is the Competitiveness Problem?



The Exchange Rate Regime: Choices and Plans


Bibliography


Index of Names


Index of Subjects