Blueprints for exchange-rate management
Author(s)
Bibliographic Information
Blueprints for exchange-rate management
Academic Press, c1989
- pbk
Available at 1 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
"This volume contains the proceedings of the conference on International regimes and macroeconomic policy organized by the Centre for Economic Policy Research and held in London on 8-9 September 1988."--Preface
Includes bibliographical references and index
Description and Table of Contents
Description
This book addresses the growing debate over proposals for international monetary reform and the tentative attempts, for example at the Louvre and Plaza accords, to achieve greater coordination of macroeconomic policies. The first section draws lessons from the experience of the interwar Gold Standard, the Bretton Woods system, and the EMS. Four papers examine theoretical issues underlying the design of coordinated economic policies. Contributors explore the use of commodity prices as indicators of inflationary pressures and analyze exchange rate target bands using concepts first developed in the financial literature. The final chapters present empirical evaluations of the performance of alternative exchange rate regimes, adding to the existing literature on the design of gains from coordinated economic policies. The contributors, drawn from academic and policy circles, include leading advocates of exchange rate target zones and 'disciplined floating'. This book is of interest to students of international macroeconomics and policy coordination and to all those who have followed the debate on the evolution of the international monetary system.
Table of Contents
List of Figures. List of Tables. Preface. List of Conference Participants. M. Miller, B. Eichengreen, and R. Portes, Editors' Introduction. Historical Perspectives: A. Giovannini, How Do Fixed-Exchange-Rate Regimes Work? Evidence from the Gold Standard, Bretton Woods and the EMS. B. Eichengreen, Discussion. S.N. Broadberry, Monetary Interdependence and Deflation in Britain and the United States between the Wars. P. Turner, Discussion. Theoretical Issues: G.S. Alogoskoufis, Stabilization Policy, Fixed Exchange Rates and Target Zones. N. Rankin, Discussion. A. Hook and D. Walton, Commodity Price Indicators: A Case for Discretion Rather Than Rules. J.M. Boughton, Discussion. J.M. Boughton, Policy Assignment Strategies with Somewhat Flexible Exchange Rates. D. Vines, Discussion. M. Miller and P. Weller, Exchange-Rate Bands and Realignments in a Stationary Stochastic Setting. J. Driffill, Discussion. Empirical Testing: D. Currie and S. Wren-Lewis, A Comparison of Alternative Regimes for International Macropolicy Coordination. P. Minford, Exchange-Rate Regimes and Policy Coordination. S. Wren-Lewis, Discussion. A.H. Hallett, G. Holtham, and G. Hutson, Exchange-Rate Targeting as Surrogate International Cooperation. P. Levine, Discussion. P. Levine, D. Currie, and J. Gaines, The Use of Simple Rules for International Policy Agreements. F. van der Ploeg, Discussion. Index.
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