Research Catalog

The new transatlantic economy

Title
The new transatlantic economy / edited by Matthew B. Canzoneri, Wilfred J. Ethier and Vittorio Grilli.
Publication
Cambridge [England] : Cambridge University Press, 1996.

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TextRequest in advance HF1456.5.E8 N49 1996gOff-site

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Additional Authors
  • Canzoneri, Matthew B.
  • Ethier, Wilfred J. (Wilfred John)
  • Grilli, Vittorio.
  • Centre for Economic Policy Research (Great Britain)
Description
xxi, 327 pages : illustrations; 24 cm
Summary
  • Transatlantic economic relations are dominated by three factors which are of major historical significance. The first and most important is the multilateral process for trade liberalization, deregulation of financial markets, and macro-economic policy coordination. The second factor is a transatlantic environment of national and regional idiosyncracies exemplified by protectionist initiatives, a significant weakening of the EMS, and changes in central bank statutes.
  • The second factor is in part a political backlash against the first. The third factor affecting transatlantic economic relations is of course the emergence of regional economic relationships within the transatlantic economy, and a treaty calling for a common currency in Europe. In this volume, specialists in international trade, international finance, and political economy analyse the cause of these three factors, and their implications.
Subjects
Bibliography (note)
  • Includes bibliographical references and index.
Contents
  • 1. Introduction / Matthew B. Canzoneri, Wilfred J. Ethier and Vittorio Grilli -- 2. Transatlantic policy coordination with sticky labour markets: the reality of the real side / Andrew Hughes Hallett and Yue Ma -- Discussion / Nouriel Roubini -- 3. Foreign exchange intervention and international policy coordination: comparing the G3 and EMS experience / Axel A. Weber -- Discussion / Joseph Gagnon -- 4. Trading blocs and the sustainability of interregional cooperation / Eric Bond and Constantinos Syropoulos -- Discussion / Konstantine Gatsios -- 5. The effects of trade liberalization on the members of a trading bloc: a lumpy country analysis / Alan V. Deardorff -- Discussion / L. Alan Winters -- 6. The increased importance of direct investment in North Atlantic economic relationships: a convergence hypothesis / James R. Markusen and Anthony J. Venables -- Discussion / Alasdair Smith --
  • 7. Speculative attacks on pegged exchange rates: an empirical exploration with special reference to the European Monetary System / Barry Eichengreen, Andrew K. Rose and Charles Wyplosz -- Discussion / Robert E. Cumby and Robert P. Flood -- 8. Central banks and reputation: some transatlantic contrasts / Ben Lockwood, Marcus Miller and Lei Zhang -- Discussion / Stanley W. Black -- 9. Trade liberalization and trade adjustment assistance / K. C. Fung and Robert W. Staiger -- Discussion / Constantinos Syropoulos -- 10. Trade liberalization as politically optimal exchange of market access / Arye L. Hillman and Peter Moser -- Discussion / Martin Richardson.
ISBN
0521562058
OCLC
ocm36046317
Owning Institutions
Columbia University Libraries