International money : postwar trends and theories

Author(s)

Bibliographic Information

International money : postwar trends and theories

Paul de Grauwe

Oxford University Press, 1996

2nd ed

  • : pbk
  • : hbk

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Note

Includes bibliographical references and index

Description and Table of Contents

Volume

: pbk ISBN 9780198775133

Description

The period since the Second World war has been an eventful and often disturbing one in the international monetary field. Economic theories have been propounded and modified both to explain these events and to influence future choices made by economic actors. This history of international monetary relations shows both how theoretical development affected private developments, and how the theories themselves have been judged - and often discarded - on the basis of their perceived accordance with actuality. Exchange rate movements in particular are examined in the light of the absence of any generally accepted fundamental model, and the author deploys here his own theory based on the idea of bounded rationality. Finally, he looks ahead to future possibilities for the international monetary system. New in the Second Edition Fully revised and updated Includes an account of the EMS up till the end of 1995 Fuller theoretical coverage of fixed exchange rate systems, including the modelling of speculative attacks Covers chaos theory and near0rational behaviour Includes new sections on: speculators and speculative bubbles; target zones and other proposals for international monetary reform; the importance of free capital mobility and proposals to control capital movements.
Volume

: hbk ISBN 9780198775140

Description

This is the second edition of Paul De Grauwe's history of international monetary relations. Significantly revised and expanded, it includes an up-to-date account of the EMS; fuller theoretical coverage of fixed exchange rate systems; coverage of chaos theory and near-rational behaviour; and new sections on speculating, target zones, and the importance of free capital mobility.

Table of Contents

1: The Fundamentals of Money. 2: Fixed Exchange Rate Experiences in the Post-War Period. 3: Why Fixed Exchange Rate Systems Collapse. 4: Modelling the Collapse of Fixed Exchange Rate Systems. 5: The System Without Commitments. 6: Modelling Nominal and Real Exchange Rate Variability. 7: The Long Swings in Real Exchange Rates and Real Disturbances. 8: The Exchange Rate and Ricardo's Equivalence System. 9: Rational Behaviour in an Uncertain World. 10: Governments and the Exchange Rate Markets. 11: Conditions for International Monetary Reform. 12: Costs of Exchange Rate Variability

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