TY - BOOK AU - Bruno,Michael AU - Bryant,Ralph AU - Cooper,Richard AU - Dooley,Michael AU - Eichengreen,Barry AU - Fischer,Stanley AU - Goodhart,Charles AU - Hooper,Peter AU - Kenen,Peter B. AU - Krugman,Paul AU - Lorie,John AU - Marquez,Jaime AU - McKinnon,Ronald AU - Mussa,Michael AU - Obstfeld,Maurice AU - Razin,Assaf AU - Rodrik,Dani AU - Taylor,Mark AU - Williamson,John TI - Understanding Interdependence: The Macroeconomics of the Open Economy SN - 9780691231136 U1 - 332/.042 PY - 2021///] CY - Princeton, NJ : PB - Princeton University Press, KW - BUSINESS & ECONOMICS / Economics / General KW - bisacsh KW - Ahluwalia, Isher KW - Atkeson, Andrew KW - Bacchetta, Philippe KW - Baker Plan (1985) KW - Baring Crisis (1890) KW - Baxter, Marianne KW - Brady Plan KW - Burns, Arthur KW - Cairncross, Alec KW - Claessens, Constantijn KW - Danker, Deborah KW - De Nardis, Sergio KW - Deaton, Angus KW - Delors Report KW - Drazen, Alian KW - Eichengreen, Barry KW - European Currency Unit (ECU) KW - Fama, Eugene KW - Germany KW - Glick, Reuven KW - Grossman, Gene KW - Hayashi, Fumio KW - Hungary: economic growth KW - Ikenberry, John KW - International Monetary Fund (IMF) KW - Israel: stabilization KW - Jackman, Richard KW - Jurgensen Report KW - Kohli, Ulrich KW - Latvia KW - League of Nations KW - Louvre Accord (1987) KW - Marshall-Lerner condition KW - Mundell-Fleming model KW - Peru: trade liberalization KW - Romania KW - Slovakia KW - Slovenia KW - Triffin paradox KW - Venezuela: trade liberalization KW - covered interest parity KW - credit policy: in Russia KW - efficient-markets hypothesis KW - exchange rates, real: Chile KW - federalism, proposed EMU KW - hedonic techniques KW - institutionalist analysis KW - investment: allocation of global KW - market, single KW - privatization, Russia KW - seigniorage KW - single-currency area, proposed KW - uncovered interest parity N1 - Frontmatter --; Contents --; List of Figures --; List of Tables --; Introduction --; PART I: APPRAISING EXCHANGE-RATE ARRANGEMENTS --; 1. The Endogeneity of Exchange-Rate Regimes --; 2. Exchange-Rate Behavior under Alternative Exchange-Rate Arrangements --; 3. Panel: One Money for How Many? --; PART II: EXCHANGE RATES AND THE ADJUSTMENT PROCESS --; 4. Exchange Rates, Prices, and External Adjustment in the United States and Japan --; 5. The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence --; PART III: THE INTEGRATION AND FUNCTIONING OF CAPITAL MARKETS --; 6. International Capital Mobility in the 1990s --; 7. A Retrospective on the Debt Crisis --; PART IV: STABILIZATION AND LIBERALIZATION --; 8. Trade Liberalization in Disinflation --; 9. Inflation and Growth in an Integrated Approach --; 10. Panel: The Outlook for Stabilization and Reform in Central and Eastern Europe --; PART V: COORDINATION AND UNION --; 11. International Cooperation in the Making of National Macroeconomic Policies: Where Do We Stand? --; 12. The Political Economy of Monetary Union --; PART VI: CONCLUSION --; 13. What Do We Need to Know about the International Monetary System? --; Conference Participants --; Author Index --; Subject Index; restricted access N2 - 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 UR - https://doi.org/10.1515/9780691231136?locatt=mode:legacy UR - https://www.degruyter.com/isbn/9780691231136 UR - https://www.degruyter.com/cover/covers/9780691231136.jpg ER -