
The Globalization of Markets
Capital Flows, Exchange Rates and Trade Regimes
Jerome L. Stein(Editor)
Physica (Publisher)
Published on 1. November 2012
Book
Paperback/Softback
VII, 122 pages
978-3-642-63914-2 (ISBN)
Description
The interrelated issues analyzed in this book are as follows. 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 European Union. It is important to examine the following issues. What have been the fundamental determinants of the real value of the mark since the period of floating? What will be the effects of German integration upon exchange rates? How can we measure whether currencies are misaligned or if exchange rates are at their equilibrium values? Are short term capital flows destabilizing and, if so, should they be discouraged through a transactions tax? Under what conditions does the formation of a regional trading bloc help or hinder the liberalization of world trade? What are the determinants of foreign direct investment made by multinational enterprises? 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. Jerome L. Stein Contents JAMES TOBIN A Currency Transactions Tax. Why and How CHARLES A. GOODHART Discussant to Professor J. Tobin. . . . . . . . . . . . . . . . . . . . . . 7 JEROME L. STEIN and KARLHANS SAUERNHEIMER The Equilibrium Real Exchange Rate of Germany 13 PETER B. CLARK Concepts of Equilibrium Exchange Rates . . . . . . . . . . . . . . 49 G. C. LIM A Note on Estimating Dynamic Economic Models of the Real Exchange Rate. . . . . . . . . . . . . . . . . . . . . . . . . . .
More details
Edition
1997 ed.
Language
English
Place of publication
Heidelberg
Germany
Target group
Professional and scholarly
Research
Illustrations
3 s/w Abbildungen
VII, 122 p. 3 illus.
Dimensions
Height: 235 mm
Width: 155 mm
Thickness: 8 mm
Weight
219 gr
ISBN-13
978-3-642-63914-2 (9783642639142)
DOI
10.1007/978-3-642-59246-1
Schweitzer Classification
Other editions
Additional editions

E-Book
12/2012
Physica
€53.49
Available for download

Book
11/1996
1st Edition
Physica
€85.55
Article exhausted; check different version
Content
A Currency Transactions Tax. Why and How.- Discussant to Professor J. Tobin.- The Equilibrium Real Exchange Rate of Germany.- Concepts of Equilibrium Exchange Rates.- A Note on Estimating Dynamic Economic Models of the Real Exchange Rate.- Trade Regimes and Gatt: Resource Intensive vs. Knowledge Intensive Growth.- The (Not Wholly Satisfactory) State of the Theory of Foreign Direct Investment and the Multinational Enterprise.