The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.
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'This book's great advantage is its breadth. Perhaps no other single book reviews and interprets the choice of a variety of different exchange rate regimes, the optimal currency area debate, and the conditions that have to be satisfied to make a single currency area work.' Andrew Hughes Hallett, University of Strathclyde
'This is a timely collection covering a well-chosen range of topics and countries, attempting in several papers not only to report the broad features of countries' experiences but also to provide some preliminary tests of central relationships. The collection as a whole offers a good balance of theory, history, and quantitative analysis.' John F. Helliwell, University of British Columbia
The essays collected in this volume, written by well-known academics and policy analysts, discuss the impact of increased capital mobility on macroeconomic performance. The authors highlight the most adequate ways to manage the transition from a semi-closed economy to a semi-open one.
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