The Exchange Rate International Trade And The Balance Of Payments
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The Exchange Rate International Trade And The Balance Of Payments
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Author : Reserve Bank of Australia. Economic Group
language : en
Publisher:
Release Date : 1993
The Exchange Rate International Trade And The Balance Of Payments written by Reserve Bank of Australia. Economic Group and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Balance of payments categories.
Flexible Exchange Rates And The Balance Of Payments
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Author : Egon Sohmen
language : en
Publisher: North Holland
Release Date : 1980
Flexible Exchange Rates And The Balance Of Payments written by Egon Sohmen and has been published by North Holland this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Business & Economics categories.
Trade The Balance Of Payments And Exchange Rate Policy In Developing Countries
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Author : A. P. Thirlwall
language : en
Publisher: Edward Elgar Publishing
Release Date : 2003
Trade The Balance Of Payments And Exchange Rate Policy In Developing Countries written by A. P. Thirlwall and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Balance of payments categories.
This book is a synthesis of the author's ideas and research concerning the monetary consequences of trade flows, and the relevance of conventional balance of payments adjustment theory. These ideas are considered mainly in the context of developing countries, many of which suffer from deep structural difficulties and severe foreign exchange shortages. Mainstream economic theory regards the balance of payments to be self-adjusting, meaning that the impact of the balance of payments on the growth and development process is neither considered nor analysed. In contrast, the author emphasises the importance of integrating monetary considerations into trade theory and argues that the balance of payments consequences of trade policy need to be carefully addressed. This approach has a number of implications for important issues such as the sequencing of trade liberalisation; the role of the exchange rate in equilibrating the balance of payments; the case for protection; and the way in which the importance of export growth is articulated. Some of the ideas expressed have a long and distinguished ancestry, but they are not part of the mainstream orthodoxy and need airing in a world increasingly divided into rich and poor countries. The author also considers the case for a new international economic order which would better serve the needs of developing countries, particularly by stabilising primary product prices and controlling speculative capital flows. Trade and development economists, and policymakers concerned with economic growth and development, will appreciate the original and illuminating research in this book.
Floating Exchange Rates And The State Of World Trade And Payments
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Author : David Bigman
language : en
Publisher: Beard Books
Release Date : 2003-03
Floating Exchange Rates And The State Of World Trade And Payments written by David Bigman and has been published by Beard Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-03 with Business & Economics categories.
Analyzes developments in the international monetary system since 1973, with anew added epilogue.
International Trade Under Flexible Exchange Rates
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Author : John Burr Williams
language : en
Publisher:
Release Date : 1954
International Trade Under Flexible Exchange Rates written by John Burr Williams and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1954 with Balance of payments categories.
Balance Of Payments
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Author : Robert Stern
language : en
Publisher: Routledge
Release Date : 2017-07-28
Balance Of Payments written by Robert Stern and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-28 with Business & Economics categories.
An original and systematic synthesis of the major postwar developments in theory and policy of balance-of-payments adjustment, this book focuses on the present-day system of pegged-but-adjustable exchange rates and the problems that policy authorities must face if they are to attain full employment, price stability, balance-of-payments equilibrium, and a satisfactory rate of economic growth. The dominate theme of this book is that any system of exchange rates carries with it assumptions about the way it works and how effective the automatic and policy-motivated forces operate to bring about equilibrium in a country's balance of payments. By analyzing balance-of-payments adjustment and policies under alternative exchange-rate systems, and with different assumptions concerning the level of employment and prices, it is possible to embrace a wide variety of contemporary and historical circumstances experienced by individual countries and the world as a whole. In this way the author assesses the economic consequences of the different exchange-rate systems and of the policies that countries may follow to attain their national objectives. In particular it appears to Professor Stern that the international monetary turmoil of the past ten years can be traced to the exchange-rate inflexibilities of the adjustable-peg system and to the creation of excessive reserves under the dollar standard. He demonstrates that the international monetary system must be redesigned to permit greater exchange-rate inflexibility and control over the creation of new international reserve assets.
International Trade And Money
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Author : Michael B. Connolly
language : en
Publisher: Routledge
Release Date : 2018-03-15
International Trade And Money written by Michael B. Connolly and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-15 with Business & Economics categories.
This book, first published in 1973, presents a collection of original contributions to the analysis of international trade and monetary relations by a number of distinguished economists. The papers bear on six topics in trade theory: the inadequacies of classical trade theory, customs unions, immiserising growth, the international transmission of technical change, multinational company behaviour, and comparative trends in income distribution. Chapters dealing with international monetary relations focus on general equilibrium analysis of spot and forward exchange markets, money supply analysis in open economies, devaluation in developing countries, the sharing of the burden of international adjustment, the monetary approach to balance-of-payments theory, and the integration of Keynesian and monetary approaches to international adjustment. Taken together, they summarize much of the most advanced contemporary research in international economics. The volume is unified by the contributors' common belief that economic theory can help solve important and relevant problems in international economic relations. All the contributions represent original work on the frontiers of research in international economics, but they use simple and understandable techniques to reach their conclusions.
Balance Of Payments Exchange Rates And Competitiveness In Transition Economies
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Author : Mario I. Blejer
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-08-23
Balance Of Payments Exchange Rates And Competitiveness In Transition Economies written by Mario I. Blejer 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 2007-08-23 with Business & Economics categories.
Integrating transition economies into the global commercial and trade market system is a prolonged and risky process. This book is a collection of studies dealing with the different issues related to the liberalization of external relations in economies moving from a socialist to a market-based system The focus is on external sector developments, and the topics deal with balance of payments conditions, exchange rate policies and regimes, international competitiveness, international capital flows, trade, and other matters related to the integration of transition economies into the world economy. An understanding of the principles involved and of the experiences of both transition and advanced economies during this process is crucial to ensure its ultimate success. Written by internationally recognized scholars, the chapters cover these issues in a systematic manner. The first section treats current account developments, capital flows, and exchange rate policies in transition countries, the second section deals with specific issues related to international trade, and the final section consists of six specific country experiences. In this final section, a chapter dealing with the Russian Federation discusses the collapse of the ruble in August 1998.
Do Exchange Rates Work Another View
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Author : Mr.Robert A. Mundell
language : en
Publisher: International Monetary Fund
Release Date : 1991-04-01
Do Exchange Rates Work Another View written by Mr.Robert A. Mundell and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-04-01 with Business & Economics categories.
This paper investigates the role of exchange rates in balance of payments theories. It explores the sixteen approaches to the balance of payments, the concept of an “equilibrium” trade balance and sequential “stages” of the current account. It examines fiscal and demographic influences on the U.S. deficit. The final section considers the breakdown of the international monetary system after World Wars I and II; an evaluation of alternative proposals to correct the defects of the system; and an examination of the extent to which deficits of reserve countries have their origins in systemic problems.
Balance Of Payments And Exchange Rate Theories
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Author : Norman C. Miller
language : en
Publisher: Edward Elgar Publishing
Release Date : 2002
Balance Of Payments And Exchange Rate Theories written by Norman C. Miller and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Norman Miller provides a fresh perspective on balance of payments and exchange rate theories, including intertemporal open economy models that focus on the optimum current account. To this end, he proves that any non-zero balance of payments must always be associated with a disequilibrium in either a commodity or an asset market. In this rigorous yet readable book, important welfare and policy implications are carefully examined. Norman Miller develops a new theory of the balance of payments associated with commodity market disequilibrium, a loanable funds theory of exchange rate and a modern foreign exchange market theory of the exchange rate that incorporates capital flows. The book also details 15 puzzling facts associated with open economies and the FX market. After reviewing existing explanations to these puzzles, the author shows how each of the above new theories provides new, often unified solutions to them. International finance practitioners, students and scholars of economics and finance, and MBA students will all find this book fresh and enlightening.