1.

Record Nr.

UNINA9910962370803321

Titolo

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

Pubbl/distr/stampa

Cambridge, Mass., : MIT Press, c2001

ISBN

9780262302913

0262302918

Edizione

[1st ed.]

Descrizione fisica

xxii, 532 p. : ill

Altri autori (Persone)

MundellRobert A

CalvoGuillermo A

DornbuschRudiger

ObstfeldMaurice

Disciplina

332/.042

Soggetti

International economic relations

International finance

International trade

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

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.

Sommario/riassunto

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.