Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies
Autor Pan A. Yotopoulosen Limba Engleză Paperback – 9 noi 2005
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Specificații
ISBN-13: 9780521022620
ISBN-10: 0521022622
Pagini: 344
Ilustrații: 20 b/w illus.
Dimensiuni: 154 x 229 x 211 mm
Greutate: 0.5 kg
Ediția:Revised
Editura: Cambridge University Press
Colecția Cambridge University Press
Locul publicării:New York, United States
ISBN-10: 0521022622
Pagini: 344
Ilustrații: 20 b/w illus.
Dimensiuni: 154 x 229 x 211 mm
Greutate: 0.5 kg
Ediția:Revised
Editura: Cambridge University Press
Colecția Cambridge University Press
Locul publicării:New York, United States
Cuprins
Part I. A Review of the Terrain: 1. Introduction; 2. Trade and development: the contours of the landscape; 3. Incomplete markets and the 'New Development Economics'; Part II. Theory and Empirical Analysis: 4. Market incompleteness in an open-economy LDC; 5. The relationship between real and nominal exchange rates; 6. Empirical investigation of real exchange rates: tradability and relative prices; 7. An endogenous growth model of incomplete markets in foreign exchange; 8. Are devaluations possibly contractionary? A quasi-Australian model with tradables and nontradables; Part III. Successes and Failures in Development: Good/Bad Economics and Governance: 9. Japan: overvaluation without rent-seeking; 10. The Philippines: failure in policy and politics; 11. Financial integration and the refractory role of intervention: Uruguay and Taiwan; 12. Summary, conclusions and policy recommendations; Bibliography.
Recenzii
'I thoroughly enjoyed reading this book and found it most stimulating. What a pleasure it is to read careful empirical work by an author who worries about what his data mean ... I find the basic analysis interesting and quite convincing in positive terms.' Alan Winters, International Trade Division, The World Bank
Descriere
Yotopoulos investigates the appropriate balance between the market and state in the trade relations between developed and developing countries.