Frontier Issues in International Monetary Economics

Author: Chris Milner
Publisher:
Publish Date: 2000-01-01
Features: This book is part of the "Frontiers of Economics" series, edited by David Riegle, a professor of monetary banking at La Trobe University. The authors are also mostly professors from world-renowned universities, including famous economists like Rudiger Dornbusch. The book discusses three aspects: exchange rates, open economy macroeconomic issues, and international monetary arrangements. The book is divided into ten chapters, with the first chapter serving as the introduction. Chapters 2 to 4 discuss exchange rate issues, covering exchange rate determination, exchange rate dynamics, and empirical research on exchange rate theories. This is the part of the book, reviewing the development of exchange rate theories from different perspectives since the collapse of the fixed exchange rate system. Chapters 5 to 7 address open macroeconomic issues, primarily focusing on a country's macroeconomic problems, especially the coordination of internal and external equilibrium, under open economy conditions. This is the second part of the book. Chapters 8 to 10 constitute the third part of the book, mainly studying global monetary issues—specifically, what kind of international monetary system should be established to maintain the stability and development of the world economy.