Understanding Interdependence : The Macroeconomics of the Open Economy

Frontmatter -- Contents -- List of Figures -- List of Tables -- Introduction -- PART I: APPRAISING EXCHANGE-RATE ARRANGEMENTS -- 1. The Endogeneity of Exchange-Rate Regimes -- 2. Exchange-Rate Behavior under Alternative Exchange-Rate Arrangements -- 3. Panel: One Money for How Many? -- PART II: EXCHANGE RATES AND THE ADJUSTMENT PROCESS -- 4. Exchange Rates, Prices, and External Adjustment in the United States and Japan -- 5. The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence -- PART III: THE INTEGRATION AND FUNCTIONING OF CAPITAL MARKETS -- 6. International Capital Mobility in the 1990s -- 7. A Retrospective on the Debt Crisis -- PART IV: STABILIZATION AND LIBERALIZATION -- 8. Trade Liberalization in Disinflation -- 9. Inflation and Growth in an Integrated Approach -- 10. Panel: The Outlook for Stabilization and Reform in Central and Eastern Europe -- PART V: COORDINATION AND UNION -- 11. International Cooperation in the Making of National Macroeconomic Policies: Where Do We Stand? -- 12. The Political Economy of Monetary Union -- PART VI: CONCLUSION -- 13. What Do We Need to Know about the International Monetary System? -- Conference Participants -- Author Index -- Subject Index