Understanding Interdependence
The Macroeconomics of the Open Economy
1st Edition
Published on 7. June 2021
568 pages
978-0-691-23113-6 (ISBN)
Description
Drawing together new papers by some of today's leading figures in international economics and finance, Understanding Interdependence surveys the current state of knowledge on the international monetary system and, by implication, defines the research horizon for the future. Covering topics including the behavior of exchange rates, the choice of exchange-rate regime, current-account adjustment in classical and Keynesian models, the extent and effects of capital mobility, international debt, the stabilization and reform of the formerly planned economies, European monetary union, and international policy coordination, the book underscores the importance of these subjects and identifies lessons for policymakers.
The contributors to the volume are Michael Bruno, Ralph C. Bryant, Richard N. Cooper, Michael P. Dooley, Barry Eichengreen, Stanley Fischer, Charles A. E. Goodhart, Peter Hooper, Peter B. Kenen, Paul R. Krugman, Henri Lorie, Jaime Marquez, Ronald I. McKinnon, Michael Mussa, Maurice Obstfeld, John Odling-Smee, Assaf Razin, Dani Rodrik, Mark P. Taylor, and John Williamson.
The contributors to the volume are Michael Bruno, Ralph C. Bryant, Richard N. Cooper, Michael P. Dooley, Barry Eichengreen, Stanley Fischer, Charles A. E. Goodhart, Peter Hooper, Peter B. Kenen, Paul R. Krugman, Henri Lorie, Jaime Marquez, Ronald I. McKinnon, Michael Mussa, Maurice Obstfeld, John Odling-Smee, Assaf Razin, Dani Rodrik, Mark P. Taylor, and John Williamson.
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06/1995
Princeton University Press
€258.74
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Person
Peter B. Kenen is Walker Professor of Economics and International Finance, and Director of the International Finance Section, Department of Economics, Princeton University.
Content
- Cover Page
- Half-title Page
- Title Page
- Copyright Page
- Contents
- List of Figures
- List of Tables
- Introduction
- Part I: Appraising Exchange-Rate Arrangements
- 1. The Endogeneity of Exchange-Rate Regimes
- 2. Exchange-Rate Behavior under Alternative Exchange-Rate Arrangements
- 3. Panel: One Money for How Many?
- Part II: Exchange Rates and The Adjustment Process
- 4. Exchange Rates, Prices, and External Adjustment in the United States and Japan
- 5. The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence
- Part III: The Integration and Functioning of Capital Markets
- 6. International Capital Mobility in the 1990s
- 7. A Retrospective on the Debt Crisis
- Part IV: Stabilization and Liberalization
- 8. Trade Liberalization in Disinflation
- 9. Inflation and Growth in an Integrated Approach
- 10. Panel: The Outlook for Stabilization and Reform in Central and Eastern Europe
- Part V: Coordination and Union
- 11. International Cooperation in the Making of National Macroeconomic Policies: Where Do We Stand?
- 12. The Political Economy of Monetary Union
- Part VI: Conclusion
- 13. What Do We Need to Know about the International Monetary System?
- Conference Participants
- Author Index
- Subject Index
