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An Endogenous Growth Model Of Incomplete Markets In Foreign Exchange And Trade


An Endogenous Growth Model Of Incomplete Markets In Foreign Exchange And Trade
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Exchange Rate Parity For Trade And Development


Exchange Rate Parity For Trade And Development
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Author : Pan A. Yotopoulos
language : en
Publisher: Cambridge University Press
Release Date : 1996

Exchange Rate Parity For Trade And Development written by Pan A. Yotopoulos and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.


This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefulness and validity of the theoretical framework.



An Endogenous Growth Model Of Incomplete Markets In Foreign Exchange And Trade


An Endogenous Growth Model Of Incomplete Markets In Foreign Exchange And Trade
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Author : Pan A. Yotopoulos
language : en
Publisher:
Release Date : 1994

An Endogenous Growth Model Of Incomplete Markets In Foreign Exchange And Trade written by Pan A. Yotopoulos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.




Macroeconomic Management


Macroeconomic Management
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Author : Soumitra Sharma
language : en
Publisher: Springer
Release Date : 1996-01-12

Macroeconomic Management written by Soumitra Sharma and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-01-12 with Business & Economics categories.


This volume discusses major macroeconomic policies and issues from theoretical and practical perspective focusing on the link between theory of macroeconomic management policy and its practice in the last few decades. The topics selected here are of persistent interest for those interested in economic policy - theorists and policists.



Unctad Review


Unctad Review
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Author :
language : en
Publisher:
Release Date : 1994

Unctad Review written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Developing countries categories.




The New Palgrave Dictionary Of Economics


The New Palgrave Dictionary Of Economics
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Author :
language : en
Publisher: Springer
Release Date : 2016-05-18

The New Palgrave Dictionary Of Economics written by and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-18 with Law categories.


The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.



Trade Globalization And Development


Trade Globalization And Development
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Author : Rajat Acharyya
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-18

Trade Globalization And Development written by Rajat Acharyya and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-18 with Business & Economics categories.


This book was written in honour of Professor Kalyan K. Sanyal, who was an excellent educator and renowned scholar in the field of international economics. One of his research papers co-authored with Ronald Jones, entitled “The Theory of Trade in Middle Products” and published in American Economic Review in 1982, was a seminal work in the field of international trade theory. This paper would go on to inspire many subsequent significant works by researchers across the globe on trade in intermediate goods. The larger impact of any paper, beyond the number of citations, lies in terms of the passion it sparks among younger researchers to pursue new questions. Measured by this yardstick, Sanyal’s contribution in trade theory will undoubtedly be regarded as historic. After completing his Ph.D. at the University of Rochester he joined the Department of Economics at Calcutta University in the early 1980s and taught trade theory there for almost three decades. His insights, articulation and brilliance in teaching international economics have influenced and shaped the intellectual development of many of his students. After his sudden passing in February 2012, his students and colleagues organized a symposium in his honour at the Department of Economics, Jadavpur University from April 19 to 20, 2012. This book, a small tribute to his intellect and contribution, has been a follow-up on that endeavour, and a collective effort of many people including his teachers, friends, colleagues and students. In a nutshell it discusses intermediation of various kinds with significant implications for market integration through trade and finance. That trade can generate many non-trade-service sector links has recently emerged as a topic of growing concern and can trace its lineage back to the idea of the middle product, a recurring concept in Prof. Sanyal’s work.



Imf Working Paper


Imf Working Paper
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Author :
language : en
Publisher:
Release Date : 1996

Imf Working Paper written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Finance categories.




Non Hierarchical Aspects Of The Internal Organization Of The Enterprise A Partial Survey In Comparative Perspective


Non Hierarchical Aspects Of The Internal Organization Of The Enterprise A Partial Survey In Comparative Perspective
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Author : Masahiko Aoki
language : en
Publisher:
Release Date : 1992

Non Hierarchical Aspects Of The Internal Organization Of The Enterprise A Partial Survey In Comparative Perspective written by Masahiko Aoki and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with categories.




Political Economy And The New Capitalism


Political Economy And The New Capitalism
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Author : Jan Toporowski
language : en
Publisher: Routledge
Release Date : 2002-01-31

Political Economy And The New Capitalism written by Jan Toporowski and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-31 with Business & Economics categories.


Political Economy and the New Capitalism examines the relevance of Sam Aaronovitch's pioneering empirical studies of British capitalism in the light of modern developments. A wide range of problems are reviewed from industrial concentration today to the co-ordination of economic policies in Europe. Aaronovitch's work on the role of finance in the British economy is the subject sustained reflection. Individual chapters examine orthodox and left-wing criticisms of finance, exchange rate instability, and employment, growth and regions in the context of European Union. This work concludes with a bibliography of the published writings of Sam Aaronovitch and collects the reflections of some of the most distinguished thinkers in economics today including: Meghnad Desai, G.C. Harcourt, Pat Devine, Egon Matzner, Malcolm Sawyer, Sir Alan Budd, Jan Toporowski, Philip Arestis, Eleni Paliginis, Victoria Chick and Ben Fine.



General Equilibrium Growth And Trade Ii


General Equilibrium Growth And Trade Ii
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Author : Robert Becker
language : en
Publisher: Academic Press
Release Date : 2014-05-10

General Equilibrium Growth And Trade Ii written by Robert Becker and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-10 with Business & Economics categories.


General Equilibrium, Growth, and Trade, Volume II: The Legacy of Lionel McKenzie presents the impact of Lionel McKenzie's contributions on modern economics. This book discusses McKenzie's researches that are relevant in applied economic fields, including general equilibrium, optimal growth, and international trade. Organized into three parts encompassing 24 chapters, this volume begins with an overview of the existence of competitive equilibrium in an economy with a finite number of agents and commodities. This text then presents two analyses that are basically responses to criticism of the development of real indeterminacy. Other chapters consider McKenzie's assumption of irreducibility, which plays a significant role in showing how compensated equilibria will be uncompensated equilibria because agents have cheaper net trade vectors in their feasible sets. This book discusses as well some properties of competitive equilibria for dynamic exchange economies with an infinite horizon and incomplete financial markets. This book is a valuable resource for economists and economic theorists.