Başlık:
Dollars deficits & trade
Yazar:
Niskanen, William A. editor.
ISBN:
9789401712880
9789401712903
Fiziksel Tanımlama:
XI, 443 pages ; 23 cm.
Genel Not:
Includes index.
İçerik:
The changing world economy / James A. Dorn -- Current perspectives on Monetary Policy / Manuel H. Johnson -- Domestic stability versus exchange rate stability / Leland B. Yeager -- Comment: is managed money the root of all evil? / Ben W. Crain -- On monetary stability and monetary reform / Allan H. Meltzer -- The international monetary system: developments and prospects / Jacobb A. Frenkel and Morris Goldstien -- Toward an international commodity standard / Richard N. Cooper -- Comment: toward an international fait standard? / Lawrence H. White -- Comment: how economists wrought a nonsystem / Paul Craig Robert -- An international gold standard without gold? / Ronald I. McKinnon -- Comment: the McKinnon standard: how persuasive? / Rudiger Dornbusch -- Comment: price level changes and the adjustment process under fixed rates / Robert E. Keleher -- Key exchange rate regimes: a constitutional perspective / Thomas D. Willett -- Trade and investment under floating rates: the U.S. experience / Martin J. Bailey and George S. Tavlas -- Comment: reforming the exchange rate system / Maurice Obstfeld -- Transmission of real and monetary disturbance under fixed and floating exchange rates / Michael D. Bordo and Anna J. Schwartz -- The European monetary system: how well has it worked? / Michele Fratianni -- Comment: a critical view of the EMS / Alan Walters -- Should floating continue? / Gottfried Haberler -- The uneasy relation between the budget and trade deficits / William A. Niskanen -- Comment: budget policy and the economy / Gary H. Stern -- Comment: conflicting views of the twin deficits / John Williamson -- Dollars and deficits: substituting false for real problems / A. James Meigs -- Do trade deficits matter? / Paul Heyne -- The U.S. net international investment position: misstated and misunderstood / Michael Ulan and William G. Dewald -- How strong is the case for international coordination? / Joachim Scheide and Stefan Sinn -- Economic policy for a stable world order / Jan Tumlir.
Özet:
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.
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Library | Materyal Türü | Demirbaş | Yer Numarası | Durumu / Lokasyon / İade Tarihi |
|---|---|---|---|---|
Arıyor... | Kitap | EKOBKN0001995 | 332.4 DOR 1989 | Arıyor... |