Real-Financial Linkages Among Open Economies (The MIT Press) - Softcover

Softcover

ISBN 10: 026251172X ISBN 13: 9780262511728

Verlag: MIT Press, 2003

Inhaltsangabe

The contributions in this book identify and take up an important problem in international economics—the split in theoretical and empirical work in international finance and in international trade. This book is unique in attempting to link these two aspects of the international economy together. The eight chapters explore the way exchange rates and international capital movements interact with industrial structure, comparative advantage, and sectoral wage patterns, focusing on results that are valuable to both real and financial analysis in open economies. The principal sources of real-financial linkage discussed throughout the book are structural and intertemporal. In an introductory section, the editors provide an overview of real-financial linkages among open economies and Alan Stockman discusses interactions between goods markets and asset markets. The section on structural sources of real-financial linkages includes chapters by Paul Krugman on pricing to market when the exchange rate changes, Richard Marston on real exchange rates and sectoral productivity growth in the United States and Japan, and Irving Kravis and Robert Lipsey on the assessment of national price levels. A final section on intertemporal sources of real-financial linkages presents an empirical investigation by Michael Hutchison and Charles Pigott into real and financial linkages in the macroeconomic response to budget deficits, and work by Koichi Hamada and Akiyoshi Horiuchi on monetary, financial, and real effects of Yen internationalization. Paul De Grauwe and Bernard de Bellefroid consider long-run exchange rate variability and international trade.

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Über die Autorinnen und Autoren

Sven W. Arndt is Professor of Economics at the University of California at Santa Cruz and President of the Commons Institute for International Economic Studies.

J. David Richardson is Professor of Economics at the University of Wisconsin-Madison and a Research Associate of the National Bureau of Economic Research.

Details zur Ausgabe

• Verlag: MIT Press
• Erscheinungsdatum: 2003
• Sprache: Englisch
• ISBN 10: 026251172X
• ISBN 13: 9780262511728
• Einband: Tapa blanda
• Anzahl der Seiten: 230
• Herausgeber: Richardson J. David, Arndt Sven W.
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar