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Currencies and Crises

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ISBN-10: 0262611090

ISBN-13: 9780262611091

Edition: 1995

Authors: Paul Krugman

List price: $35.00
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Description:

Currencies and Crises brings together Paul Krugman's work on international monetary economics from the late 1970s to the present, in an effort to make sense of a turbulent period that, in Krugman's words, "involved one surprise after another, most of them unpleasant." The eleven essays cover such key areas as the role of exchange rates in balance-of-payments adjustment policy, the role of speculation in the functioning of exchange-rate regimes, third world debt, and the construction of an international monetary system.
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Book details

List price: $35.00
Copyright year: 1995
Publisher: MIT Press
Publication date: 2/23/1995
Binding: Paperback
Pages: 240
Size: 5.98" wide x 8.94" long x 0.52" tall
Weight: 0.814

Paul Krugman was born on February 28, 1953. He received a B.S. in economics from Yale University in 1974 and a Ph.D from MIT in 1977. From 1982 to 1983, he worked at the Reagan White House as a member of the Council of Economic Advisers. He taught at numerous universities including Yale University, MIT, UC Berkeley, the London School of Economics, and Stanford University before becoming a professor of economics and international affairs at Princeton University in 2000. He has written over 200 scholarly papers and 20 books including Peddling Prosperity; International Economics: Theory and Policy; The Great Unraveling; and The Conscience of a Liberal. Since 2000, he has written a twice-weekly…    

Preface
Introduction
Exchange Rates and the Balance of Payments
Adjustment in the World Economy
The J-Curve, the Fire Sale and the Hard Landing
Differences in Income Elasticities and Trends in Real Exchange Rates
Speculation and Exchange Rates
A Model of Balance-of-Payments Crises
Target Zones and Exchange Rate Dynamics
Speculative Attacks on Target Zones
The Debt Crisis and Its Aftermath
Financing versus Forgiving a Debt Overhang
Market-Based Debt Reduction Schemes
Reducing Developing Country Debt
The International Monetary System
The International Role of the Dollar: Theory and Prospect
Policy Problems of a Monetary Union
Notes
References
Index