In this account of exchange rates in the international monetary system, W. Max Corden considers the essential issues in international macroeconomics. Using theoretical models of international economics he explains the effects of domestic economic policies, the transmission of monetary and fiscal disturbances, the role of international capital mobility, and contrasts the ERM with the US-centred managed-floating rates system.
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`Good exposition, very technical, right level. Very good on comparative issues.'N. Sarantis, Kingston University
`It is very good at the introductory level to understand real issues.'Dr D. Barn, University of Kent
`The book is reasonably priced and well-designed. As always, Corden is very lucid.'Heikki Taimio, University of Joensuu, Finland
In Max Corden we have one of today's leading international economists. And in his latest book we surely have an essential addition to the library of any serious student of international monetary economics. (Times Higher Education Supplement)
An essential addition to the library of any serious student of international monetary economics ... a very useful text for students of both economics and international law and one which reveals the extent to which these two disciplines depend on each other ... The book provides a comprehensive coverage of the subject of trade regulation. (Times Higher Education Supplement)
W. Max Corden is at Johns Hopkins University, Washington.
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