Debt Deficits And Exchange Rates

Author : Helmut Reisen
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 54,6 Mb
Release : 1994-01-01
Category : Business & Economics
ISBN : 1781959544

Get Book

Debt, Deficits, and Exchange Rates by Helmut Reisen Pdf

'The collection of essays would provide an excellent supplement to course texts by emphasising the practical applications of theoretical ideas to contemporary international issues.' - Nick Snowden, The Economic Journal '. . . this volume provides an interesting collection of papers for those seeking a better understanding of the financial aspects of LDEs' relations with the rest of the world and, in particular, for those wishing to explore the vastly different experience with foreign borrowing of East Asia, on the one hand, and Latin America, on the other.' - Ross McLeod, Asian-Pacific Economic Literature Debt, Deficits and Exchange Rates presents recent work by Helmut Reisen on current international monetary problems in East Asia and Latin America. Written over the last four years, these papers are readily accessible and of immediate policy relevance.

Author : Rudiger Dornbusch
Publisher : Mit Press
Page : 240 pages
File Size : 43,8 Mb
Release : 1986
Category : Business & Economics
ISBN : 0262040859

Get Book

Dollars, Debts, and Deficits by Rudiger Dornbusch Pdf

This interesting and provocative collection of essays addresses most if not all of the key current policy issues in open economy macroeconomics: the strong dollar, LDC debt problems, and deficit financing. Although these three areas involve widely different policy problems, Dornbusch brings a common political economy perspective to bear on the issues, giving the essays a coherent perspective and revealing that more than ever, modern macroeconomics is useful as a framework for active policy. Professionals interested in the world economy and students of international finance will appreciate the author's strong analytical approach and the clear, cogent defense of his viewpoints. Three chapters in the book's first part, Exchange Rate Theory and the Overvalued Dollar, cover the rise in the dollar, equilibrium and disequilibrium exchange rates, and flexible exchange rates and interdependence. Those in the second part, The Debt Problems of Less Developed Countries, present three case studies in overborrowing, and discuss the world debt problem from 1980 to 1984 and beyond, and what we have learned from stabilization policy in developing countries. A concluding part, Europe's Problems of Growth and Budget Deficits, takes up public debt and fiscal responsibility, and sound currency and full employment. Rudiger Dornbusch is Ford International Professor of Economics at MIT. Dollars, Debts, and Deficits is based on three related lectures he gave in 1984 at the University of Leuven in the Gaston Eyskens Lecture Series. Dornbusch is the editor with Mario Henrique Simonsen of Inflation, Debt, and Indexation, available in paperback from The MIT Press.

Author : Helmut W. Mayer
Publisher : Unknown
Page : 24 pages
File Size : 46,9 Mb
Release : 1987
Category : Debts, External
ISBN : UCAL:B3933293

Get Book

The Impact of Exchange Rate Changes Between Key Currencies on the Debt Structure and Debt Service Burden of Developing Countries by Helmut W. Mayer Pdf

Author : Guillermo A. Calvo
Publisher : MIT Press
Page : 536 pages
File Size : 46,8 Mb
Release : 1996
Category : Business & Economics
ISBN : 0262032368

Get Book

Money, Exchange Rates, and Output by Guillermo A. Calvo Pdf

Guillermo Calvo, who foresaw the financial crisis that followed the devaluationn of Mexico's peso, has spent much of his career thinking beyond the conventional wisdom. In a quiet and understated way, Calvo has made seminal contributions to several major research areas in macroeconomics, particularly monetary policy, exchange rates, public debt, and stabilization in Latin America and post-communist countries. Money, Exchange Rates, and Output brings together these contributions in a broad selection of the author's work over the past two decades. There are introductions to each section, and an introduction to the entire collection that outlines the connections throughout and survey the current state of macroeconomic theory. Specific issues covered are predetermined exchange rates, currency substitution, domestic public debt and seigniorage, and stabilizing transition economics.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 410 pages
File Size : 55,6 Mb
Release : 2005-09-01
Category : Business & Economics
ISBN : 1589064534

Get Book

Dollars, Debt, and Deficits by International Monetary Fund Pdf

This book examines the challenges facing the international monetary and financial system, as well as the future role of the Bretton Woods institutions in addressing those challenges. The volume is based on the proceedings of a 2004 conference cosponsored by the Banco de Espana and the International Monetary Fund to commemorate the 60th anniversary of the Bretton Woods meetings in July 1944. The chapters look at global imbalances, exchange rate issues, debt in emerging economies, and innovations in private and multilateral lending.

Author : Mr.Robert A. Mundell
Publisher : International Monetary Fund
Page : 62 pages
File Size : 47,6 Mb
Release : 1991-04
Category : Business & Economics
ISBN : UCSD:31822006650816

Get Book

Do Exchange Rates Work? Another View by Mr.Robert A. Mundell Pdf

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.

Author : Warner Max Corden
Publisher : OUP Oxford
Page : 342 pages
File Size : 48,8 Mb
Release : 1994
Category : Business & Economics
ISBN : 9780198774099

Get Book

Economic Policy, Exchange Rates, and the International System by Warner Max Corden Pdf

In an outstanding account of exchange rates inthe international monetary system, W. Max Corden considers the essential issues in international macroeconomics.The author takes as his model the macroeconomic situation of a country with an open economy, and explains the effects of domestic fiscal and monetary macroeconomic policy on exchange rates. He clearly analyses the choices faced by governments attempting to manage both the domestic inflation rateand the external exchange rate and current account balance. Professor Corden then discusses the European Exchange Rate mechanism, and provides a sceptical analysis of the possibilities for monetary union in Europe, and for international policy coordination in general. He gives equal weight todiscussion of the present US-centred international monetary system outside the ERM, and combines theoretical models with an account of the actual determination of floating exchange rates. Although the book itself is orientated towards monetary rather than trade issues, the author discusses twotopical issues: the role of protectionist policies, and the idea of competitiveness. Finally, he looks at the future of the international monetary system and the series of current reform proposals.Students will find this book useful because the author covers essential issues lucidly and authoritatively. The exposition is entirely non-mathematical. Postgraduate students and academics will be interested since Corden is a distinguished writer on international trade and policy, and hisarguments are powerfully presented.New to this edition:This is a revised and expanded edition of a previous book by Corden, Inflation, Exchange Rates and the World Economy, the third edition of which was published in 1985. In this new book, Professor Corden has fully rewritten the text, but retains the discursive, informal, reader-friendly style ofthe earlier editions. In this new edition, Professor Corden has included two new chapters which extend the treatment of macroeconomic policy, separating it into its fiscal and monetary branches. He also includes a new chapter on the role of the current account balance in determining macroeconomicpolicy. The author has brought his account of the present international monetary context up to date - characterised as the non-system - and has included a new analysis of European monetary issues, incorporating a review of the progress of the EMS towards full monetary union. The book also containsa provocative discussion of two highly topical issues: trade protection, and competitiveness, including both new theoretical analysis and such events as the recent GATT agreement.

Author : Stephen Marris
Publisher : Washington, D.C. : Institute for International Economics
Page : 396 pages
File Size : 44,8 Mb
Release : 1985
Category : Political Science
ISBN : STANFORD:36105037937252

Get Book

Deficits and the Dollar by Stephen Marris Pdf

Author : Guillermo Calvo,Mervyn King
Publisher : Springer
Page : 307 pages
File Size : 41,8 Mb
Release : 1998-02-12
Category : Business & Economics
ISBN : 9781349260775

Get Book

The Debt Burden and Its Consequences for Monetary Policy by Guillermo Calvo,Mervyn King Pdf

In all countries debt and deficits of the public sector are at the heart of economic policy debate. Debt and deficits pose major problems, all the more pressing in Europe because of the Maastricht criteria for entry into European Monetary Union. And in the developing world debt has been associated with major financial crises. This volume, arising from an International Economic Association conference at the Bundesbank, sees academics and policy makers debate the key issues and their implications in theory and practice.

Author : Momi Dahan
Publisher : International Monetary Fund
Page : 20 pages
File Size : 49,8 Mb
Release : 1998-05-01
Category : Business & Economics
ISBN : 9781451962185

Get Book

The Fiscal Effects of Monetary Policy by Momi Dahan Pdf

This paper develops a simple framework to examine the budgetary implications of monetary policy measures. It further outlines, using this framework, the various channels of influence that tight monetary policy may have on the budget deficit. The cumulative effect might be quantitatively large although each effect might be small. Most of the effects tend to increase the budget deficit as result of tight monetary policy, but tight monetary policy causes a short-run decrease in the government debt. Thus, macroeconomic policy coordination should be considered.

Author : Siamack Shojai
Publisher : Bloomsbury Publishing USA
Page : 209 pages
File Size : 53,9 Mb
Release : 1999-01-30
Category : Political Science
ISBN : 9781567509311

Get Book

Budget Deficits and Debt by Siamack Shojai Pdf

This edited collection is a critical evaluation of the impact of fiscal imbalances on the economy of industrialized and developing countries as prepared by a diverse group of scholars involved in advanced research on public finance. Technical issues, economic consequences and the political economy of budget deficits and government debt are covered in one succinct volume. The work provides a balanced presentation of neo-classical views on measures of government deficits; the budget process and major budgetary legislation in the United States; and the impact of deficits on economic activity, exchange rates, inflation, financial markets, trade balance, and economic growth. It also examines the political economy of government budgets in the OECD, select developing economies, and South Africa. From the 1950s to the 1980s, economic activity and growth were affected by fiscal imbalances and excessive government activity in many countries. Although many actors have made retrenchment attempts, economic research has not resolved the conflicting arguments about the impact of fiscal imbalances on the global economy. This book provides a balanced presentation of all major issues related to the impact of fiscal activity on the economy.

Author : Peter G. Peterson
Publisher : Unknown
Page : 98 pages
File Size : 48,5 Mb
Release : 1985
Category : Debt
ISBN : UCSD:31822003544897

Get Book

Deficits, Debts, and Demographics by Peter G. Peterson Pdf

Author : Dirk Morris
Publisher : Burns & Oates
Page : 168 pages
File Size : 51,7 Mb
Release : 1988
Category : Debts, Public
ISBN : UCSD:31822003610920

Get Book

Government Debt in International Financial Markets by Dirk Morris Pdf

This study of the role of public sector deficits and debt in a world dominated by highly integrated financial markets highlights the growing instability of foreign exchange and other financial markets. Recent theoretical innovations in international economics are used with new empirical evidence to analyze the effects of budget deficits and government debt.

Author : Mr.Gian Milesi-Ferretti,Assaf Razin
Publisher : International Monetary Fund
Page : 45 pages
File Size : 41,8 Mb
Release : 1998-06-01
Category : Business & Economics
ISBN : 9781451952421

Get Book

Current Account Reversals and Currency Crises by Mr.Gian Milesi-Ferretti,Assaf Razin Pdf

This paper studies large reductions in current account deficits and exchange rate depreciations in low- and middle-income countries. It examines which factors help predict the occurrence of a reversal or a currency crisis, and how these events affect macroeconomic performance. Both domestic factors, such as the low reserves, and external factors, such as unfavorable terms of trade, are found to trigger reversals and currency crises. The two types of events are, however, distinct; an exchange rate crash is associated with a fall in output growth and a recovery thereafter, while for reversals there is no systematic evidence of a growth slowdown.

Author : Rodney Allen Schmidt
Publisher : National Library of Canada = Bibliothèque nationale du Canada
Page : 232 pages
File Size : 44,9 Mb
Release : 1994
Category : Capital movements
ISBN : UCSD:31822021052592

Get Book

Public Sector External Debt, Exchange Rate Expectations, and Private Demand for Domestic and Foreign Assets by Rodney Allen Schmidt Pdf