The nine papers in this volume were written for a conference on
research in international trade and finance held at Princeton
University in March 1973. Each author was asked to survey research
on one major topic, with a view to answering three questions: What
have we learned from recent empirical research? What are the major
gaps in present knowledge? How should we go about filling those
gaps? When answering the second question, authors were urged to
look at the practical requirements of those who must make policy
concerning the international economy, and at the opportunities and
insights offered by recent developments in pure theory. When
answering the third, they were urged to look at developments in
econometric technique, newly available data, and work in progress
in related fields.
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