Financial Liberalization and Macroeconomic Stability (Paperback)

Many advanced countries have recently deregulated their markets and international capital movements have been liberalized. Over the same period, we have also experienced volatile financial markets and exchange rate crises, particularly in a number of European countries. This naturally raises the question of whether financial liberalization has affected macroeconomic stability and, if so, through which channels. As capital markets are liberalized, exchange rate crises may become more contagious. Empirical evidence indicates that this has been underlying the recent crises in the European currency market. This phenomenon has renewed interest in the fundamental factors determining credibility of exchange rate policies and whether a Tobin tax on foreign exchange transactions could mute speculative pressure and stabilize the international monetary system. This volume brings together theoretical and empirical contributions addressing these issues.

General

Imprint:	Blackwell Publishers
Country of origin:	United Kingdom
Release date:	June 1997
First published:	August 1997
Authors:	T. Andersen
Dimensions:	228 x 152 x 9mm (L x W x T)
Format:	Paperback
Pages:	162
ISBN-13:	978-0-631-20349-0
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Economics > International economics > General Books > Business & Economics > Finance & accounting > Finance > General Books > Money & Finance > General
LSN:	0-631-20349-4
Barcode:	9780631203490

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