Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries by : A. P. Thirlwall

Download or read book Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries written by A. P. Thirlwall and published by Edward Elgar Publishing. This book was released on 2003 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a synthesis of the author's ideas and research concerning the monetary consequences of trade flows, and the relevance of conventional balance of payments adjustment theory. These ideas are considered mainly in the context of developing countries, many of which suffer from deep structural difficulties and severe foreign exchange shortages. Mainstream economic theory regards the balance of payments to be self-adjusting, meaning that the impact of the balance of payments on the growth and development process is neither considered nor analysed. In contrast, the author emphasises the importance of integrating monetary considerations into trade theory and argues that the balance of payments consequences of trade policy need to be carefully addressed. This approach has a number of implications for important issues such as the sequencing of trade liberalisation; the role of the exchange rate in equilibrating the balance of payments; the case for protection; and the way in which the importance of export growth is articulated. Some of the ideas expressed have a long and distinguished ancestry, but they are not part of the mainstream orthodoxy and need airing in a world increasingly divided into rich and poor countries. The author also considers the case for a new international economic order which would better serve the needs of developing countries, particularly by stabilising primary product prices and controlling speculative capital flows. Trade and development economists, and policymakers concerned with economic growth and development, will appreciate the original and illuminating research in this book.

Exchange Rate Policy in Developing Countries: Some Analytical Issues

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4./5 ( download)

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Book Synopsis Exchange Rate Policy in Developing Countries: Some Analytical Issues by : Bijan B. Aghevli

Download or read book Exchange Rate Policy in Developing Countries: Some Analytical Issues written by Bijan B. Aghevli and published by World Bank Publications. This book was released on 1991-05-15 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses analytical aspects of exchange rate policy and emphasizes the relationship among exchange rate flexibility, financial discipline, and international competitiveness.

The Balance of Payments Adjustment Process in Developing Countries

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Author :
Publisher : Elsevier
ISBN 13 : 1483154300
Total Pages : 170 pages
Book Rating : 4.4/5 (831 download)

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Book Synopsis The Balance of Payments Adjustment Process in Developing Countries by : Sidney Dell

Download or read book The Balance of Payments Adjustment Process in Developing Countries written by Sidney Dell and published by Elsevier. This book was released on 2013-09-11 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Balance of Payments Adjustment Process in Developing Countries deals with the manner in which the burden of adjustment to balance of payments disequilibrium in the 1970s was distributed between developed and developing countries. The book discusses the evidence on changes in the volume of trade; the evidence on price changes and their effects on the accounts of various groups of countries; and the general considerations regarding the character of the deficits of developing countries. The text also describes the mechanisms through which external disturbances are transmitted to the domestic economy, as well as certain questions relating to the financing of the deficits of developing countries. The changes in the world economy; the ways in which changes in the world economy affected the external accounts of the countries; and the effects of changes in the external accounts on developments in the domestic economy are also considered. The book further tackles the policy measures adopted to counter the deterioration in external balance and in growth performance and prospects; as well as the main issues that arise in the course of the adjustment process, at both national and international levels.

Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451923236
Total Pages : 44 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange by : Pierre-Richard Agénor

Download or read book Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1990-03-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper develops and tests a model of a developing economy that incorporates trade and capital restrictions, illegal transactions, a parallel foreign exchange market, currency substitution features, and forward-looking rational expectations. Temporary expansionary demand policies are associated with an increase in output and prices, a fall in the stock of net foreign assets, and a depreciation of the parallel exchange rate. The speed of adjustment is inversely related to the degree of rationing in the official foreign currency market. A once-for–all devaluation of the official exchange rate has no long-term effect on the premium.

Parallel Exchange Rates in Developing Countries

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Author :
Publisher : Springer
ISBN 13 : 1349255203
Total Pages : 411 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis Parallel Exchange Rates in Developing Countries by : Miguel A. Kiguel

Download or read book Parallel Exchange Rates in Developing Countries written by Miguel A. Kiguel and published by Springer. This book was released on 2016-07-27 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: '...the most definitive study of the subject, assembling an all-star cast to address the many outstanding questions and succeeding beyond expectations in combining elegant theory and state of the art econometrics to reach very sensible policy conclusions.' - Mohsin S. Khan, Deputy Director, Research Department, International Monetary Fund ' This book fills an important vacuum in the literature of the economic consequences of parallel markets and should prove of great value to students of economic development and to policy-makers in developing countries as they struggle to reform their exchange rate and trade incentive systems. Here they will find all that they need to know.' - Vittorio Corbo, Professor of Economics, Universidad Catolica de Chile 'A most comprehensive treatment of the relationships between parallel foreign exchange markets and macroeconomic policies, both across countries and over time. The book substantially enhances our understanding of how these systems work in practice and will be of great interest to policy-makers, researchers and graduate students of economic policy.' - Samuel M. Wangwe, Professor of Economics, University of Dar es Salaam and Executive Director, Economic and Social Research Foundation, Dar es Salaam, Tanzania This book examines extensive empirical evidence on the macroeconomic implications of parallel exchange rates in developing countries. Eight case-studies from Africa, Latin America, and Turkey provide detailed evidence on the emergence of parallel exchange rates, their impact on macroeconomic performance, and the criteria for successful exchange-rate unification. A chapter on European dual exchange rates summarizes the contrasting experience of industrial countries. An overview chapter lays out the analytical framework, assesses the evidence, and draws policy conclusions.

Trade Policy and Macroeconomic Balance in the World Economy

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145194845X
Total Pages : 22 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Trade Policy and Macroeconomic Balance in the World Economy by : International Monetary Fund

Download or read book Trade Policy and Macroeconomic Balance in the World Economy written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-11-23 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment approach” is used. It shows that there is no presumption that protection would reduce a deficit. With a fixed exchange rate, the effect on savings and investment is brought about by the reduction in absorption that is required to maintain internal balance when restrictions are imposed. A current account deficit or real appreciation may generate protectionist pressures stimulated by “conservative resistance.”

Britain's Trade and Exchange-rate Policy

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Author :
Publisher : Heinemann Educational Publishers
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Britain's Trade and Exchange-rate Policy by : Robin Major

Download or read book Britain's Trade and Exchange-rate Policy written by Robin Major and published by Heinemann Educational Publishers. This book was released on 1979 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collection of conference papers on balance of payments, exchange rate and trade policy in the UK - discusses trade relations among developed countries and developing countries (North South dialogue), the value of import protectionism in relation to the monetary system of Western Europe (ems) and to capital flow, and includes simulation models of the effects of reversion to a fixed exchange rate in britain. Graphs, references and statistical tables. List of participants. Conference held in london? 1979?

Floating Exchange Rates in Developing Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Floating Exchange Rates in Developing Countries by : Peter J. Quirk

Download or read book Floating Exchange Rates in Developing Countries written by Peter J. Quirk and published by International Monetary Fund. This book was released on 1987-05-15 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, an increasing number of developing countries have adopted market-determined floating exchange rates. This development has represented a significant step forward in the evolution toward exchange rate flexibility that has taken place in the developing country group since the adoption of generalized floating by industrial countries in 1973.

Currency Devaluation in Developing Countries

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Author :
Publisher : Princeton, N.J. : International Finance Section, Princeton University
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.4/5 (91 download)

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Book Synopsis Currency Devaluation in Developing Countries by : Richard N. Cooper

Download or read book Currency Devaluation in Developing Countries written by Richard N. Cooper and published by Princeton, N.J. : International Finance Section, Princeton University. This book was released on 1971 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Approaches to Exchange Rate Policy

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557753649
Total Pages : 316 pages
Book Rating : 4.7/5 (536 download)

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Book Synopsis Approaches to Exchange Rate Policy by : Mr.Richard C. Bart

Download or read book Approaches to Exchange Rate Policy written by Mr.Richard C. Bart and published by International Monetary Fund. This book was released on 1994-06-01 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: External sector policies and exchange rate policy are central to a country's economic performance and to the IMF's surveillance functions. The papers in this book, edited by Richard Barth and Chorng-Huey Wong, were presented at a seminar on Exchange Rate Policy in Developing and Transition Economies held by the IMF Institute. They analyze choices of exchange rate regimes, issues affecting management of exchange regimes, and specific types of regimes, including case studies from the former Soviet Union, Africa, Asia, and Latin America.

International Trade and Money

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Author :
Publisher : Routledge
ISBN 13 : 1351043900
Total Pages : 264 pages
Book Rating : 4.3/5 (51 download)

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Book Synopsis International Trade and Money by : Michael B. Connolly

Download or read book International Trade and Money written by Michael B. Connolly and published by Routledge. This book was released on 2018-03-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, first published in 1973, presents a collection of original contributions to the analysis of international trade and monetary relations by a number of distinguished economists. The papers bear on six topics in trade theory: the inadequacies of classical trade theory, customs unions, immiserising growth, the international transmission of technical change, multinational company behaviour, and comparative trends in income distribution. Chapters dealing with international monetary relations focus on general equilibrium analysis of spot and forward exchange markets, money supply analysis in open economies, devaluation in developing countries, the sharing of the burden of international adjustment, the monetary approach to balance-of-payments theory, and the integration of Keynesian and monetary approaches to international adjustment. Taken together, they summarize much of the most advanced contemporary research in international economics. The volume is unified by the contributors' common belief that economic theory can help solve important and relevant problems in international economic relations. All the contributions represent original work on the frontiers of research in international economics, but they use simple and understandable techniques to reach their conclusions.

Issues in International Exchange and Payments Systems

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557754806
Total Pages : 100 pages
Book Rating : 4.7/5 (548 download)

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Book Synopsis Issues in International Exchange and Payments Systems by : Peter J. Quirk

Download or read book Issues in International Exchange and Payments Systems written by Peter J. Quirk and published by International Monetary Fund. This book was released on 1995-04-13 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global trend toward lilberalization in countries international payments and transfer systems has been widespread in both industrial and developing countries and most dramatic in Central and Eastern Europe. Countries in general have brought their exchange systems more in line with market principles and moved toward more flexible exchange rate arrangements. This study updates previous studies published under the title Developments in International Exchange and Payments Systems.

Balance of Payments Textbook

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1557755701
Total Pages : 159 pages
Book Rating : 4.5/5 (577 download)

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Book Synopsis Balance of Payments Textbook by : International Monetary Fund

Download or read book Balance of Payments Textbook written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-04-15 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Balance of Payments Textbook, like the Balance of Payments Compilation Guide, is a companion document to the fifth edition of the Balance of Payments Manual. The Textbook provides illustrative examples and applications of concepts, definitions, classifications, and conventions contained in the Manual and affords compilers with opportunities for enhancing their understanding of the relevant parts of the Manual. The Textbook is one of the main reference materials for training courses in balance of payments methodology.

Economic Adjustment and Exchange Rates in Developing Countries

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Publisher : University of Chicago Press
ISBN 13 : 0226184730
Total Pages : 460 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis Economic Adjustment and Exchange Rates in Developing Countries by : Sebastian Edwards

Download or read book Economic Adjustment and Exchange Rates in Developing Countries written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2007-12-01 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: In spite of the attention paid exchange rates in recent economic debates on developing countries, relatively few studies have systematically analyzed in detail the various ramifications of exchange rate policy in these countries. In this new volume from the National Bureau of Economic Research, leading economists use rigorous models to tackle various exchange rate issues, while also illuminating policy implications that emerge from their analyses. The volume, divided into four main sections, addresses: the role of exchange rates in stabilization programs and the adjustment process; the importance of exchange rate policy during liberalization reform in developing countries; exchange rate problems relevant and unique to developing countries, illustrated by case studies; and the problems defining, measuring, and identifying determinants of real exchange rates. Authors of individual papers examine the relation between commercial policies and exchange rates, the role of exchange rate policy in stabilization programs, the effectiveness of devaluations as a policy tool, and the interaction between exchange rate terms of trade an capital flow. This research will not only prove crucial to our understanding of the role of exchange rates in developing countries, but will clearly set the standard for future work in the field.

Recent Issues in Exchange Rate Policy in Developing Countries

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (39 download)

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Book Synopsis Recent Issues in Exchange Rate Policy in Developing Countries by : Wanda Tseng

Download or read book Recent Issues in Exchange Rate Policy in Developing Countries written by Wanda Tseng and published by . This book was released on 1992 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Maintaining and Restoring Balance in International Trade

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Author :
Publisher : Princeton University Press
ISBN 13 : 1400878128
Total Pages : 272 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Maintaining and Restoring Balance in International Trade by : Fritz Machlup

Download or read book Maintaining and Restoring Balance in International Trade written by Fritz Machlup and published by Princeton University Press. This book was released on 2015-12-08 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fourteen leading economists analyze the problem of imbalance in international payments and suggest corrective measures. Three general appraisals by William Fellner, Fritz Machlup, and Robert Triffin are followed by shorter technical papers on special issues by Fellner, Gottfried Haberler, Sir Roy Harrod, Harry G. Johnson, Peter B. Kenen, Alexandre Lamfalussy, Friedrich A. Lutz, Machlup, Jürg Niehans, Walters S. Salant, Tibor Scitovsky, James Tobin, Triffin, and Robert L. West. Originally published in 1966. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

The International Monetary System and the Developing Nations

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Author :
Publisher :
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis The International Monetary System and the Developing Nations by : Danny M. Leipziger

Download or read book The International Monetary System and the Developing Nations written by Danny M. Leipziger and published by . This book was released on 1976 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited conference report on the effects of the international monetary system on developing countries - discusses exchange rate policies and floating currencys, Terms of Trade and monetary transfers, petroleum price increases, foreign exchange reserves and financing needs of such countries, etc. Diagrams, references and statistical tables. Conference held in Washington dc 1975 June 4.