Flexible Exchange Rates for a Stable World Economy
Title | Flexible Exchange Rates for a Stable World Economy PDF eBook |
Author | Joseph E. Gagnon |
Publisher | Peterson Institute |
Pages | 301 |
Release | 2011 |
Genre | Business & Economics |
ISBN | 0881326356 |
Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction.
International Trade Under Flexible Exchange Rates
Title | International Trade Under Flexible Exchange Rates PDF eBook |
Author | John Burr Williams |
Publisher | |
Pages | 356 |
Release | 1954 |
Genre | Balance of payments |
ISBN |
Exchange Rates, Trade, and the U.S. Economy
Title | Exchange Rates, Trade, and the U.S. Economy PDF eBook |
Author | John Tirman |
Publisher | |
Pages | 328 |
Release | 1985 |
Genre | Business & Economics |
ISBN |
These essays review recent advances in exchange rate analysis and new empirical analysis of the behavior of exchange rates and their effects on international trade and the U.S. economy. The first section deals with the determination of exchange rates and their alleged volatility and disequilibrium levels. The second section concerns the effects of flexible exchange rates on international trade, and the third treats the macroeconomic linkages between economies and international influences on the U.S. economy. ISBN 0-88410-948-8 : $39.95.
Flexible Exchange Rates and International Trade
Title | Flexible Exchange Rates and International Trade PDF eBook |
Author | Josef Hunkeler |
Publisher | Peter Lang Group Ag, International Academic Publishers |
Pages | 152 |
Release | 1977 |
Genre | Business & Economics |
ISBN |
The purpose of this paper is to establish a framework for the analysis of trade responses to exchange rate changes as well as to provide some detailed quantitative answers as regards the structure of Swiss imports. This paper's contribution is to have established - once more - that prices do matter in international trade, and that trade reactions are quite swift - but also, that true expenditure switching remains very limited.
Trade and Payments Adjustment Under Flexible Exchange Rates
Title | Trade and Payments Adjustment Under Flexible Exchange Rates PDF eBook |
Author | International Economics Study Group |
Publisher | Trade Policy Research Centre |
Pages | 284 |
Release | 1979 |
Genre | Business & Economics |
ISBN |
International Trade : Trade Law Remedies Under Floating Exchange Rates
Title | International Trade : Trade Law Remedies Under Floating Exchange Rates PDF eBook |
Author | United States. General Accounting Office |
Publisher | |
Pages | 52 |
Release | 1986 |
Genre | Foreign exchange |
ISBN |
Floating Exchange Rates and the State of World Trade and Payments
Title | Floating Exchange Rates and the State of World Trade and Payments PDF eBook |
Author | David Bigman |
Publisher | Beard Books |
Pages | 356 |
Release | 2003-03 |
Genre | Business & Economics |
ISBN | 9781587981296 |
Analyzes developments in the international monetary system since 1973, with anew added epilogue.