Read The Balance of Payments: Theory and Economic Policy

The Balance of Payments: Theory and Economic Policy

Robert M. Stern

4.9/5 (21194 ratings)

Description:An original and systematic synthesis of the major postwar developments in theory and policy of balance-of-payments adjustment, this book focuses on the present-day system of pegged-but-adjustable exchange rates and the problems that policy authorities must face if they are to attain full employment, price stability, balance-of-payments equilibrium, and a satisfactory rate of economic growth. The dominate theme of this book is that any system of exchange rates carries with it assumptions about the way it works and how effective the automatic and policy-motivated forces operate to bring about equilibrium in a country's balance of payments. By analyzing balance-of-payments adjustment and policies under alternative exchange-rate systems, and with different assumptions concerning the level of employment and prices, it is possible to embrace a wide variety of contemporary and historical circumstances experienced by individual countries and the world as a whole. In this way the author assesses the economic consequences of the different exchange-rate systems and of the policies that countries may follow to attain their national objectives. In particular it appears to Professor Stern that the international monetary turmoil of the past ten years can be traced to the exchange-rate inflexibilities of the adjustable-peg system and to the creation of excessive reserves under the dollar standard. He demonstrates that the international monetary system must be redesigned to permit greater exchange-rate inflexibility and control over the creation of new international reserve assets.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Balance of Payments: Theory and Economic Policy. To get started finding The Balance of Payments: Theory and Economic Policy, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: —

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: —

ISBN: 0202060594

Description: An original and systematic synthesis of the major postwar developments in theory and policy of balance-of-payments adjustment, this book focuses on the present-day system of pegged-but-adjustable exchange rates and the problems that policy authorities must face if they are to attain full employment, price stability, balance-of-payments equilibrium, and a satisfactory rate of economic growth. The dominate theme of this book is that any system of exchange rates carries with it assumptions about the way it works and how effective the automatic and policy-motivated forces operate to bring about equilibrium in a country's balance of payments. By analyzing balance-of-payments adjustment and policies under alternative exchange-rate systems, and with different assumptions concerning the level of employment and prices, it is possible to embrace a wide variety of contemporary and historical circumstances experienced by individual countries and the world as a whole. In this way the author assesses the economic consequences of the different exchange-rate systems and of the policies that countries may follow to attain their national objectives. In particular it appears to Professor Stern that the international monetary turmoil of the past ten years can be traced to the exchange-rate inflexibilities of the adjustable-peg system and to the creation of excessive reserves under the dollar standard. He demonstrates that the international monetary system must be redesigned to permit greater exchange-rate inflexibility and control over the creation of new international reserve assets.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Balance of Payments: Theory and Economic Policy. To get started finding The Balance of Payments: Theory and Economic Policy, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

The Balance of Payments: Theory and Economic Policy

The Balance of Payments: Theory and Economic Policy

More Books

Quiet Pioneering: Robert M. Stern and His International Economic Legacy (Studies In International Economics)

Quiet Pioneering: Robert M. Stern and His International Economic Legacy (Studies In International Economics)

Raymond M. Hood (Catalogue (Institute for Architecture and Urban Studies))

Raymond M. Hood (Catalogue (Institute for Architecture and Urban Studies))

Robert A M Stern Buildings and Projects 1965-1980

Robert A M Stern Buildings and Projects 1965-1980

Raymond M. Hood (Catalogue (Institute for Architecture and Urban Studies)) by Robert A. M Stern (1982-12-03)

Raymond M. Hood (Catalogue (Institute for Architecture and Urban Studies)) by Robert A. M Stern (1982-12-03)

A Handbook of International Trade in Services [Hardcover] [2007] (Author) Aaditya Mattoo, Robert M. Stern, Gianni Zanini

A Handbook of International Trade in Services [Hardcover] [2007] (Author) Aaditya Mattoo, Robert M. Stern, Gianni Zanini

The Balance of Payments: Theory and Economic Policy by Robert M. Stern (2014-01-14)

The Balance of Payments: Theory and Economic Policy by Robert M. Stern (2014-01-14)

A Handbook of International Trade in Services by Aaditya Mattoo (Editor), Robert M. Stern (Editor), Gianni Zanini (Editor) (22-Nov-2007) Paperback

A Handbook of International Trade in Services by Aaditya Mattoo (Editor), Robert M. Stern (Editor), Gianni Zanini (Editor) (22-Nov-2007) Paperback

Peter Morris Dixon 1st edit/1 print Robert A M Stern Houses and Gardens 2005 [Hardcover] Dixon, Peter Morris [Hardcover] Dixon, Peter Morris

Peter Morris Dixon 1st edit/1 print Robert A M Stern Houses and Gardens 2005 [Hardcover] Dixon, Peter Morris [Hardcover] Dixon, Peter Morris

Comparative Advantage, Growth, and the Gains from Trade and Globalization: A Festschrift in Honor of Alan V Deardorff (World Scientific Studies in International Economics) by Robert M. Stern (2011-07-21)

Comparative Advantage, Growth, and the Gains from Trade and Globalization: A Festschrift in Honor of Alan V Deardorff (World Scientific Studies in International Economics) by Robert M. Stern (2011-07-21)