The open economy : tools for policymakers in developing countries / edited by Rudiger Dornbusch and F. Leslie C.H. Helmers.

Preface, I -- 1. Introduction / F. Leslie C. H. Helmers, ix -- 2. The real exchange rate / F. Leslie C.H. Helmers, 10 -- Part I. Policy Issues and the main policy tools -- 3. Balance of payments issues / Rudiger Dornbusch, 37 -- 4. External shocks and domestic policy responses / Paul Krugman, 54 -- 5. Overvaluation and trade balance / Rudiger Dornbusch, 80 -- 6. Devaluation and inflation / Stanley Fischer, 108 -- 7. Multiple exchange rates, capital controls and commercial policy / Susan M. Collins, 128 -- 8. Exchange reserves as shock absorbers / John Williamson, 165 -- 9. External borrowing and debt management / Alber fishlow, 187 -- 10. Opening Up: Liberalization with stabilization / Michael Bruno, 223 -- 11. Policymaking and economic policy in small developing countries / Arnold C. Harberger, 249 -- Part II. Country studies -- 12. Argentina / Domingo F. Cavallo, 267 -- 13. Brazil / Mario Henrique Simonsen, 285 -- 14. Indonesia / Malcolm Gillis and David Dapice, 307 -- 15. Korea / Yung-Chul Park, 336 -- 16. Mexico / Eliana A. Cardoso, 348 -- Appendixes A. Sources of current data / Rudiger Dornbusch, 373 -- B. National accounting identities / F. Leslie C. H. Helmers, 375 -- C. Real-Exchange-Rate indexes / F. Leslies C. H. helmers, 392 -- D. Effective Protection / F. Leslie C. H. Helmers, 405.