Exchange Rates, Trade, and the U.S. Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Exchange Rates, Trade, and the U.S. Economy write by John Tirman. This book was released on 1985. Exchange Rates, Trade, and the U.S. Economy available in PDF, EPUB and Kindle. 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.
Exchange rates, trade, and the U.S. economy
Exchange rates, trade, and the U.S. economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Exchange rates, trade, and the U.S. economy write by . This book was released on 1985. Exchange rates, trade, and the U.S. economy available in PDF, EPUB and Kindle.
Dollars Deficits & Trade
Dollars Deficits & Trade - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dollars Deficits & Trade write by James A. Dorn. This book was released on 2013-11-11. Dollars Deficits & Trade available in PDF, EPUB and Kindle. The essays in this volume are timelyand provocative. They address the key issues of the changing world economy and consider the implications ofthe erosion ofthe rule oflaw that has occurred both domestically and internationally to an increasing degree over the past halfcentury. The debates over the role of the dollar in the international econ omy, the future shape ofthe international monetary system and the exchange rate regime, the significance ofthe U.S. twin deficits, and the rise of nontariffbarriers to world trade deserve serious attention. Atthe bottom ofthese debates lie differing conceptions ofeconomic policy and the role of government in a free society. Adam Smith's vision ofa limited democracy operating to protect persons and prop erty has been increasinglyreplaced by a vision ofapaternalistic state that is designed to protect special interests at the expense of the larger society. Many of the contributors to this volume point to the lack oflong-run rules designed to promote sound money, fiscal integ rity, and open markets asthe fundamental flawofmodern democratic governments. Although the authors disagree on the specific rules to adopt, the consensus is that a constitutional perspective is needed to ensure astable worldorder. Moreover, since such aperspective must bedeveloped at home before it can spread among nations, the search for optimal international policy coordination is generally seen as misguided. Many ofthe essays in this volume were initially presented at the Cato Institute's Sixth Annual Monetary Conference held in Wash ington, D.C., February 25-26, 1988.
Dominant Currency Paradigm: A New Model for Small Open Economies
Dominant Currency Paradigm: A New Model for Small Open Economies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dominant Currency Paradigm: A New Model for Small Open Economies write by Camila Casas. This book was released on 2017-11-22. Dominant Currency Paradigm: A New Model for Small Open Economies available in PDF, EPUB and Kindle. Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.
The Dollar and the Exchange Rate System
The Dollar and the Exchange Rate System - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Dollar and the Exchange Rate System write by United States. Congress. Joint Economic Committee. Subcommittee on Economic Goals and Intergovernmental Policy. This book was released on 1986. The Dollar and the Exchange Rate System available in PDF, EPUB and Kindle.
