Economic Interdependence And Flexible Exchange Rates
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Macroeconomic Policy and Economic Interdependence
The contributors examine the conduct and consequences of national macroeconomic policy in a world of economically independent countries. The book's main themes include the effect of deregulation and financial innovation and of budget deficits on monetary policy, the role of exchange rates in the international transmission of disturbances of a monetary or fiscal origin, the effectiveness of price controls in moderating the economic cost of deflationary maroeconomic policies and the implications of cooperative versus non-cooperative approaches to policy under conditions of economic interdependence.
Understanding Interdependence
Author: Peter B. Kenen
language: en
Publisher: Princeton University Press
Release Date: 1995-06-04
Surveying the current state of knowledge on the international monetary system, this volume contains essays on the behaviour of exchange rates, current account adjustment, international debt, European monetary union, capital mobility, the reform of former planned economies, and more.
Economic Interdependence and Flexible Exchange Rates
Distinguished economists review how the 1973 shift from fixed exchange rates to flexible rates has influenced world economic interdependence.