The globalization of markets : capital flows, exchange rates and trade regimes
Author(s)
Bibliographic Information
The globalization of markets : capital flows, exchange rates and trade regimes
Physica-Verlag, c1997
Available at / 12 libraries
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Library, Institute of Developing Economies, Japan External Trade Organization図
G/332.44/G112897559
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Note
Includes bibliographical references
Description and Table of Contents
Description
With the integration of Europe, there are free movements in goods, services, short and long term capital, and direct investment. The German mark is the key currency in Europe and its value will affect the equilibrium bilateral exchange rates of the other currencies in the EU. It is important to examine the following issues. What determined the trends in the value of the mark? How do we evaluate whether exchange rates are misaligned? Should term capital flows be taxed? What are the effects of regional trading blocs upon trade liberalization? What are the causes of direct foreign investment by multinationals? There is a unity to this book. The authors are senior scholars who approach the subject from the theoretical, policy oriented and econometric points of view.
Table of Contents
Contents: J. Tobin: A Currency Transactions Tax. Why and How * C.A. Goodhart: Discussant to Professor J. Tobin * J.L. Stein/K. Sauernheimer: The Equilibrium Real Exchange Rate of Germany * P.B. Clark: Concepts of Equilibrium Exchange Rates * G.C. Lim: A Note on Estimating Dynamic Economic Models of the Real Exchange Rate * G. Chichilnisky: Trade Regimes and Gatt: Resource Intensive vs. Knowledge Intensive Growth * E.M. Graham: The (Not Wholly Satisfactory) State of the Theory of Foreign Direct Investment and the Multinational Enterprise.
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