Drawing together new papers by some of today's leading figures
in international economics and finance, "Understanding
Interdependence" surveys the current state of knowledge on the
international monetary system and, by implication, defines the
research horizon for the future. Covering topics including the
behavior of exchange rates, the choice of exchange-rate regime,
current-account adjustment in classical and Keynesian models, the
extent and effects of capital mobility, international debt, the
stabilization and reform of the formerly planned economies,
European monetary union, and international policy coordination, the
book underscores the importance of these subjects and identifies
lessons for policymakers.
The contributors to the volume are Michael Bruno, Ralph C.
Bryant, Richard N. Cooper, Michael P. Dooley, Barry Eichengreen,
Stanley Fischer, Charles A. E. Goodhart, Peter Hooper, Peter B.
Kenen, Paul R. Krugman, Henri Lorie, Jaime Marquez, Ronald I.
McKinnon, Michael Mussa, Maurice Obstfeld, John Odling-Smee, Assaf
Razin, Dani Rodrik, Mark P. Taylor, and John Williamson.
General
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