An original and systematic synthesis of the major postwar developments in theory and policy of balance-of-payments adjustment, this book focuses on the present-day system of pegged-but-adjustable exchange rates and the problems that policy authorities must face if they are to attain full employment, price stability, balance-of-payments equilibrium, and a satisfactory rate of economic growth. The dominate theme of this book is that any system of exchange rates carries with it assumptions about the way it works and how effective the automatic and policy-motivated forces operate to bring about equilibrium in a country's balance of payments. By analyzing balance-of-payments adjustment and policies under alternative exchange-rate systems, and with different assumptions concerning the level of employment and prices, it is possible to embrace a wide variety of contemporary and historical circumstances experienced by individual countries and the world as a whole. In this way the author assesses the economic consequences of the different exchange-rate systems and of the policies that countries may follow to attain their national objectives. In particular it appears to Professor Stern that the international monetary turmoil of the past ten years can be traced to the exchange-rate inflexibilities of the adjustable-peg system and to the creation of excessive reserves under the dollar standard. He demonstrates that the international monetary system must be redesigned to permit greater exchange-rate inflexibility and control over the creation of new international reserve assets.
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Descrizione libro Hardcover. Condizione: Acceptable. Connecting readers with great books since 1972. Used textbooks may not include companion materials such as access codes, etc. May have condition issues including wear and notes/highlighting. We ship orders daily and Customer Service is our top priority!. Codice articolo S_316846538
Descrizione libro Hardcover. Condizione: Very Good. Condizione sovraccoperta: Very Good. 1st Edition. 1973, Aldine, HB 436pp, an original and systematic synthesis of the major post-war developments in balance-of-payments theory, VG/VG (dj lightly worn at edges, interior clean and unmarked, binding tight, covers bright). Codice articolo 7331
Descrizione libro Considerable pencil underlining, else G Hardback; no DJ. xv + 436 pp. Codice articolo 031298
Descrizione libro Hardcover. Condizione: Very Good. No Jacket. graphs, Charts, Etc (illustratore). 1st. 1st printing; rust c w/gilt titles; lite wear at extremities; 436 clean, unmarked pages/index Size: 8 Vo. Codice articolo 099989
Descrizione libro Condizione: Good. Good condition. Good dust jacket. In protective mylar cover. (finance, foreign exchange, economics) A copy that has been read but remains intact. May contain markings such as bookplates, stamps, limited notes and highlighting, or a few light stains. Codice articolo SB05D-01511
Descrizione libro Hardcover. Condizione: Very Good. Hardcover, review copy, in unclipped dust jacket. Wear, including a few small tears to edges of jacket and slight bump to boards at spine head. No other notable flaws. AD. Used. Codice articolo 516876
Descrizione libro hardcover. Condizione: Acceptable. Acceptable. book. Codice articolo D8S0-3-M-0202060594-3