External imbalances and policy constraints in the 1990s : papers of the Fifteenth Annual Conference of the International Study Group

書誌事項

External imbalances and policy constraints in the 1990s : papers of the Fifteenth Annual Conference of the International Study Group

edited by Chris Milner and Nick Snowden

Macmillan Press , St. Martin's Press, 1992

  • : uk
  • : us

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注記

Conference held at the University of Nottingham in 1990

Includes bibliographical references and index

内容説明・目次

内容説明

When does a current account payments deficit become a policy problem? This study reconsiders the current account in the context of integrated world capital markets. Two studies appraise "rules of the game" in the form of exchange rate management (based on FEERs) and the implications of ERM membership. The remaining papers investigate the current account from two viewpoints. With capital market integration, the current account position reflects the net outcome of government and private financing decisions. Since these decisions will be taken against a background of economic performance, however, the alternative trade competitiveness focus retains relevance. Developments in both trade and financing patterns are investigated in the OECD economies and in the context of the less developed countries. The case of the UK receives particular emphasis with financing and competitiveness issues fully appraised. Chris Miller has written on international economics for the "Economic Journal" and the "European Economic Review". Nick Snowden has also written "International Institutions in Trade and Finance" (with A.I. MacBean) and "Emerging Risk in International Banking".

目次

  • The role of current account targets in the estimation of FEERs, John Williamson
  • ERM and EMU - survival, costs and prospects, Patrick Minford et al
  • the balance of payments and economic policy in Britain, Andrew Britton and Robert Anderton
  • trade performance and innovatory activity in Britain, Christine Greenhalgh et al
  • the UK non-oil trade balance and external adjustment, Jitendralal Borkakoti
  • cross-border savings and capital mobility in the G7 economies, Shelley Cooper
  • alleviating the LDC transfer burden - the role of debt reduction, Nick Snowden
  • current account imbalances in Sri Lanka and Taiwan - long-run adjustment mechanisms and policy reaction functions, Maxwell Fry et al
  • macroeconomic policy and foreign debt in Greece, P.P. Athanasoglou and G.A. Zonbanakis.

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