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Understanding Interdependence : The Macroeconomics of the Open Economy - Peter B. Kenen

Understanding Interdependence

The Macroeconomics of the Open Economy

By: Peter B. Kenen (Editor)

Hardcover Published: 4th June 1995
ISBN: 9780691034089
Number Of Pages: 568

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Drawing together new papers by some of today's leading figures in international economics and finance, "Understanding Interdependence" surveys the current state of knowledge on the international monetary system and, by implication, defines the research horizon for the future. Covering topics including the behavior of exchange rates, the choice of exchange-rate regime, current-account adjustment in classical and Keynesian models, the extent and effects of capital mobility, international debt, the stabilization and reform of the formerly planned economies, European monetary union, and international policy coordination, the book underscores the importance of these subjects and identifies lessons for policymakers.

The contributors to the volume are Michael Bruno, Ralph C. Bryant, Richard N. Cooper, Michael P. Dooley, Barry Eichengreen, Stanley Fischer, Charles A. E. Goodhart, Peter Hooper, Peter B. Kenen, Paul R. Krugman, Henri Lorie, Jaime Marquez, Ronald I. McKinnon, Michael Mussa, Maurice Obstfeld, John Odling-Smee, Assaf Razin, Dani Rodrik, Mark P. Taylor, and John Williamson.

List of Figures
List of Tables
The Endogeneity of Exchange-Rate Regimesp. 3
Exchange-Rate Behavior under Alternative Exchange-Rate Arrangementsp. 34
Panel: One Money for How Many?p. 84
Exchange Rates, Prices, and External Adjustment in the United States and Japanp. 107
The Dynamic-Optimizing Approach to the Current Account: Theory and Evidencep. 169
International Capital Mobility in the 1990sp. 201
A Retrospective on the Debt Crisisp. 262
Trade Liberalization in Disinflationp. 291
Inflation and Growth in an Integrated Approachp. 313
Panel: The Outlook for Stabilization and Reform in Central and Eastern Europep. 368
International Cooperation in the Making of National Macroeconomic Policies: Where Do We Stand?p. 391
The Political Economy of Monetary Unionp. 448
What Do We Need to Know about the International Monetary System?p. 509
Conference Participantsp. 531
Author Indexp. 535
Subject Indexp. 543
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780691034089
ISBN-10: 0691034087
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 568
Published: 4th June 1995
Country of Publication: US
Dimensions (cm): 24.38 x 16.23  x 3.86
Weight (kg): 0.99

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