The International Financial RegimeGraham Bird The beginning of the 1990s is an appropriate time to review the state of our knowledge relating to international financial economics. Any cursory glance at the media today reveals the topicality of such issues as balance of payments policy, exchange-rate mechanisms, the European monetary system, the role of the official and commercial sectors in the provisions of finance, and international debt.International Financial Regimes addresses the central questions of international finance and economics in a lively and readable style. The contributors are all acknowledged experts in their fields and each contribution presents an accessible survey of the often complex issues which make up the international monetary system. This book is a useful reference for economists, policy makers, and advanced students of international economics. |
Contents
Stabilization policy commercial policy and debt in | 67 |
An empirical perspective | 91 |
A review of the research | 145 |
Copyright | |
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abolition adjustment argued asset balance of payments billion borrowing Bretton Woods system capital controls cent central bank changes co-integration currency current account debt crisis debt-servicing deficit demand Deutschmark developing countries developing world direct investment discussion dollar domestic effects efficiency empirical equation equilibrium estimates European Monetary System evidence example exchange controls export external debt financial intermediation financing fiscal policy floating exchange rates forecast foreign exchange market Frankel global governments growth hypothesis implies important income increase industrial countries inflation interest rates international banking International Economics international financial regime International Monetary international reserves issue Journal LDCs loans long-run M₁ MacDonald macroeconomic macroeconomic policy ment monetary policy Northern OECD paper period policy co-ordination portfolio programmes rational expectations real exchange rate realignments reduced reform Review risk premium role sector significant stability Statistics structural target Taylor terms of trade tion variables West Germany World Bank