Currency internationalization

Sample

Jacob A. Frenkel, Harry G. Johnson

The studies deal with the determination of foreign exchange rates and the characteristics of the foreign exchange market. They extend frontiers in theory and test the implications against current and past data. Analysis is made of flexible exchange rates through a new approach the authors have developed, called the "asset-market approach." In a fresh departure from the bulk of economic literature, theory is combined with practical application in a clear, concise way that will be understood by readers with a basic understanding of economics. The first three chapters of the book present the doctrinal history leading to today's view of exchange rate deterioration, outline the authors' new approach, and integrate it with an anlaysis of macroeconomic policies. The remaining eight chapters examine in detail (theoretically and empirically) the various building blocks presented in the initial chapters.

Sample

Yangseon Kim, Chang Jae Lee

Proceedings from an international conference: Structural Reforms and Economic Development: Experience of the Trial and Errors of the Northeast Asia, held September 26, 2003. The conference compared, analysed, and discussed the trial and errors of Japan, China and Korea's reforms in the long-run developmental perspectives.

Sample

Catherine R. Schenk

Hong Kong SAR is now highly unusual as a large economy running a currency board system that pegs the Hong Kong Dollar to the US Dollar. This volume explores the origins and persistence of this system, presenting the viewpoint of several of the main protagonists in the operation of the currency board since 1983 as well as new research by academics.

Sample

Barry Eichengreen

"Barry Eichengreen presents a brief, lucid book that tells the story of the international financial system over the past 150 years. Globalizing Capital is intended not only for economists but also for a general audience of historians, political scientists, professionals in government and business, and anyone with a broad interest in international economic and political relations. Eichengreen's work demonstrates that insights into the international monetary system and effective principles for governing it can result only if it is seen as a historical phenomenon extending from the gold standard period to the interwar period, then to Bretton Woods, and finally to the post-1973 period of fluctuating currencies."--BOOK JACKET.