Money, capital mobility, and trade : essays in honor of Robert A. Mundell / edited by Guillermo A. Calvo, Rudi Dornbusch, and Maurice Obstfeld.

Format:

Book

Contributor:

Mundell, Robert A.

Calvo, Guillermo A.

Dornbusch, Rudiger.

Obstfeld, Maurice.

Language:

English

Subjects (All):

International economic relations.

International finance.

International trade.

Physical Description:

xxii, 532 p. : ill.

Edition:

1st ed.

Place of Publication:

Cambridge, Mass. : MIT Press, c2001.

Language Note:

English

Summary:

Written by Robert Mundell's academic descendants, as well as other leading economists and scholars, the essays in this volume reflect Mundell's broad influence on modern open-economy macroeconomics. The topics include the vicissitudes of gold in the international system, choice of exchange rate regime, post-World War II European monetary reform, banking crises in emerging markets, speculative attacks on fixed exchange rates, monetary policy rules, interactions between economists and policy makers over macrostabilization and structural microeconomic issues, the connection between international factor mobility and trade, the Mundell-Fleming open-economy macro model, the quantitative implications of general-equilibrium sticky price models, the international roles of the euro and yen, and the employment effects of import tariffs.

Contents:

Money, Capital Mobility, and Trade

Contents

Contributors

Acknowledgments

Nobel Prize Background Survey

Introduction

The International Effects of Monetary and Fiscal Policy in a Two- Country Model

The Rise and Fall of a Barbarous Relic: The Role of Gold in the International Monetary System

Fostering Financial Stability: A New Case for Flexible Exchange Rates

Curing a Monetary Overhang: Historical Lessons

Staying A oat When the Wind Shifts: External Factors and Emerging- Market Banking Crises

Perspectives on the Recent Currency Crisis Literature

Progress in the Theory of Economic Policy

International Trade and Factor Mobility: An Empirical Investigation

Saving, Investment, and Gold: A Reassessment of Historical Current Account Data

Globalization and the Consequences of International Fragmentation

Money Shocks and the Current Account

Euroland and East Asia in a Dollar- Based International Monetary System: Mundell Revisited

The Business Cycles of Balance- of- Payments Crises: A Revision of a Mundellian Framework

Tariffs, Unemployment, and the Current Account: An Intertemporal Equilibrium Model

The Policy Rule Mix: A Macroeconomic Policy Evaluation

Name Index

Subject Index.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

ISBN:

9780262302913

0262302918

OCLC:

50024535