Economic Interdependence and Flexible Exchange Rates

Jagdeep S. Bhandari, Bluford H. Putnam, Jay H. Levin

ISBN 10: 0262021773 / ISBN 13: 9780262021777

Published by MIT Press, 1983

About this Item

First edition. Foreword by Rudiger Dornbusch. Volume, measuring approximately 6.5" x 9.5", is bound in green cloth, with stamped white lettering to spine. Book is like new. Illustrated with tables, graphs and diagrams. xviii/547 pages. "In 1973, the world moved from fixed exchange rates, pegged to the gold standard or an agreed-upon currency, to the floating system of flexible exchange rates, constrained only by the occasional intervention of the central banks of various nations. The eighteen essays in this book explore what the shift has meant for world economic interdependence and seek to clarify what has become an extremely complex system. All but two are published here for the first time. Following Rudiger Dornbusch's foreword, Jacob A. Frenkel reviews the history of flexible exchange rates. Remaining sections of the book take up exchange rate determination, the transmission of disturbances as exemplified by the oil crises of the 1970s, the policy implications of economic interdependence, and a selection of simulation studies based on models of various size and design. Contributors include Alan V. Deardorff, J. David Richardson, Jeffrey Sachs, Robert M. Stern, Pentti J. K. Kouri, William H. Branson, Willem H. Buiter; and Michael R. Darby, among other distinguished economists. Jagdeep Bhandari is affiliated with George Mason University, Bluford Putnam with the Economics Group of Chase Manhattan Bank, and Jay Levin with Wayne State University.".

Seller Inventory # ABE-1600901966600

Bibliographic Details

• Title: Economic Interdependence and Flexible Exchange Rates
• Publisher: MIT Press
• Publication Date: 1983
• Language: English
• ISBN 10: 0262021773
• ISBN 13: 9780262021777
• Binding: Hardcover
• Edition: 1st Edition
• Condition: As New

About this title

Synopsis

In 1973, the world moved from fixed exchange rates, pegged to the gold standard or an agreed-upon currency, to the floating system of flexible exchange rates, constrained only by the occasional intervention of the central banks of various nations. The eighteen essays in this book explore what the shift has meant for world economic interdependence and seek to clarify what has become an extremely complex system. All but two are published here for the first time. Following Rudiger Dornbusch's Foreword, Jacob A. Frenkel reviews the history of flexible exchange rates. Remaining sections of the book take up exchange rate determination, the transmission of disturbances as exemplified by the oil crises of the 1970s, the policy implications of economic interdependence, and a selection of simulation studies based on models of various size and design. Contributors include Alan V. Deardorff, J. David Richardson, Jeffrey Sachs, Robert M. Stern, Pentti J. K. Kouri, William H. Branson, Willem H. Buiter; and Michael R. Darby, among other distinguished economists. Jagdeep Bhandari is affiliated with George Mason University, Bluford Putnam with the Economics Group of Chase Manhattan Bank, and Jay Levin with Wayne State University.