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Currencies and Crises : Currencies and Crises - Paul Krugman

Currencies and Crises

Currencies and Crises

Paperback Published: 23rd February 1995
ISBN: 9780262611091
Number Of Pages: 240
For Ages: 18+ years old

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"Currencies and Crises "brings together Paul Krugman's work on international monetary economics from the late 1970s to the present, in an effort to make sense of a turbulent period that, in Krugman's words, "involved one surprise after another, most of them unpleasant." The eleven essays cover such key areas as the role of exchange rates in balance-of-payments adjustment policy, the role of speculation in the functioning of exchange-rate regimes, third world debt, and the construction of an international monetary system.

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"The papers included in this collection reveal the breadth of Krugman'swork in international monetary economics... [This] is a book that anyoneinterested in international monetary economics can refer to repeatedly in thecourse of his or her career. As such, it ought not to gather dust on anybookshelf." Andreas Savides , The Journal of Economics

Exchange Rates and the Balance of Payments
Adjustment in the World Economyp. 3
The J-Curve, the Fire Sale and the Hard Landingp. 33
Differences in Income Elasticities and Trends in Real Exchange Ratesp. 41
Speculation and Exchange Rates
A Model of Balance-of-Payments Crisesp. 61
Target Zones and Exchange Rate Dynamicsp. 77
Speculative Attacks on Target Zonesp. 91
The Debt Crisis and Its Aftermath
Financing versus Forgiving a Debt Overhangp. 109
Market-Based Debt Reduction Schemesp. 125
Reducing Developing Country Debtp. 145
The International Monetary System
The International Role of the Dollar: Theory and Prospectp. 165
Policy Problems of a Monetary Unionp. 185
Notesp. 205
Referencesp. 209
Indexp. 215
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780262611091
ISBN-10: 0262611090
Series: Currencies and Crises
Audience: Professional
For Ages: 18+ years old
Format: Paperback
Language: English
Number Of Pages: 240
Published: 23rd February 1995
Publisher: MIT Press Ltd
Country of Publication: US
Dimensions (cm): 22.4 x 15.2  x 1.3
Weight (kg): 0.32
Edition Type: New edition