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The monetary approach to international adjustment /



The monetary approach to international adjustment / Edited by Bluford H. Putnam, D. Sykes Wilford, Foreword by J. Richard Zecher. - New York, N.Y : Praeger, 1978. - 283 páginas : ilustraciones a blanco y negro ; 24 cm. - Praeger special studies .

Foreword /
Preface, ix --
List of tables, xv --
List of figures, xvi --
Part 1. Fixed exchange rates, 3 --
Introduction / 1. The monetary approach to an open economy: the fundamental theory /
2. Of money and prices: some historical perspectives /
3. A monetary view of the balance of payments /
4. Money, income, and causality in the United States and the United Kingdom /
5. International reserve flows: seemingly unrelated regressions /
6. Some empirical evidence on an incomplete information model of the monetary approach to the balance of payments /
7. Some observations on the monetary approach to balance of payments and the third world /
8. Some common misconceptions about the monetary approach to international adjustment /
Part 2. Flexible exchange rates, 131 --
Introduction /
9. Factors determining exchange rates: a simple model and empirical tests /
10. The monetary approach to exchange rates: its historical evolution and role in policy debates /
11. Monetary policy, interest rate targets, and foreign exchange markets /
12. Currency substitution: perspective, implications, and empirical evidence /
13. Currency mobility and balance of payments adjustment /
14. A currency portfolio approach to exchange rate determination: exchange rate stability and the independence of monetary policy /
15. The evolution of exchange rate policy /
16. A monetary approach to the exchange rate in the short run /
17. Expectations and exchange rate dynamics /
18. Money illusion and its influence on international adjustment /
Bibliography, 251 --
Index, 276 -- About the editors and contributors, 280. by J. Richard Zecher, vii --
Acknowledgments, xi --
by Bluford H. Putnam and D. Sykes Wilford, 3 --
by MichaeI ConnoIIy, 6 --
by Robert E. Keleher, 19 --
by DonaId S. Kemp, 49 --
by Bluford H. Putnam and D. Sykes Wilford, 71 --
by Bluford H. Putnam and D. Sykes Wilford, 71 --
by W. Michael Cox, 85 --
by Walton T. Wilford, 98 --
by M. A. Akhtar, 117 --
by Bluford H. Putnam and D. Sykes Wilford, 131 --
by Thomas M. Humphrey and Thomas A. Lawler, 134 --
by Thomas M. Humphrey, 147 --
by Bluford H. Putnam, 162 --
by Marc A. Miles, 170 --
by Russell S. Boyer, 184 --
by David T. King, Bluford H. Putnam, and D. Sykes Wilford, 199 --
by Lance Girton and Don Roper, 215 --
by Charles D. Cathcart, 229 --
by David T. King, 236 --
by John J. Van Belle, 245 --


003046711X


Putnam, Bluford H.
Wilford, D. Sykes
Zecher, J. Richard


Balanza de pagos.
Tipo de cambio.

HG 3821 .M66 1978

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