Research Catalog
Global imbalances, exchange rates and stabilization policy / Anthony J. Makin.
- Title
- Global imbalances, exchange rates and stabilization policy / Anthony J. Makin.
- Author
- Makin, A. J.
- Publication
- Basingstoke, Hampshire ; New York, NY : Palgrave Macmillan, 2009.
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| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
| Text | Request in advance | HF1359 .M3548 2009 | Off-site |
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Details
- Description
- xiii, 200 p. : ill.; 23 cm.
- Summary
- As Economies become more integrated with the rest of the world, the need to better understand their international monetary linkages becomes ever more important. This book analyzes key international monetary issues from a macro-foundations perspective, focusing on economy-wide variables that form the basis of real-world macroeconomic policy analysis. It proposes novel frameworks to interpret real and financial sector linkages for globally integrated economies. Issues examined include: global imbalances, exchange rates, foreign reserves, interest rates, international capital flows, inflation, external and public debt, as well as the effectiveness of monetary and fiscal policy under different exchange rate regimes. Drawing heavily upon much-neglected precepts, such as the output-absorption distinction and traditional flow-of-funds analysis, the book provides an alternative to the micro-founded approach of the prevalent international macroeconomics paradigm, and to earlier aggregative models. By emphasizing the production side of the economy as the starting point for analysis, unique frameworks yield results about the efficacy of macroeconomic policy under both fixed and floating exchange rate regimes that differ from those derived from standard aggregate demand oriented approaches.
- Subject
- Globalization > Economic aspects
- Foreign exchange rates
- Monetary policy
- Economic policy
- Economic development
- BUSINESS & ECONOMICS > General
- BUSINESS & ECONOMICS > Economics
- Economic development
- Economic policy
- Foreign exchange rates
- Monetary policy
- Finanzmarkt
- Marktintegration
- Internationale Kapitalmobilität
- Wechselkurs
- Wechselkurspolitik
- Zahlungsbilanzungleichgewicht
- Wirtschaftspolitik
- Globalisering > ekonomiska aspekter
- Växelkurser
- Penningpolitik
- Ekonomisk politik
- Ekonomisk utveckling
- Genre/Form
- Tables
- Bibliography (note)
- Includes bibliographical references and index.
- Contents
- Introduction -- The global economy and external imbalances -- Global imbalances and exchange rates -- External imbalances and national income -- Capital mobility and national income -- External imbalances, exchange rates and interest rates -- Money, exchange rates and the balance of payments -- Stabilisation policy, interest rates and national income -- Monetary policy and the real exchange rate -- Select stabilisation policy issues -- Epilogue.
- ISBN
- 9780230576858 (alk. paper)
- 0230576850 (alk. paper)
- LCCN
- ^^2009041872
- OCLC
- 457767506
- SCSB-10688895
- Owning Institutions
- Harvard Library