This book combines currency matters with competitiveness considerations, with a view to raising the understanding of exchange rate dynamics and to analysing the role of exchange rates in reinforcing economic competitiveness.

This indispensable book provides a comprehensive analysis of monetary and financial integration in East Asia. It assesses the steps already taken toward financial integration and brings forward different proposals for future exchange rate arrangements in what has now become the world’s...

This volume honors Raúl Prebisch's contributions to economic thought and uses his 1970 report Change and Development: Latin America's Great Task as a point of departure for analyzing trends in the region in the 1970s and 1980s. This volume comprises a collection of the papers presented at the...

The paper discusses the pros and cons of liberalising foreign investment of pension assets in developing countries, with particular reference to Chile. The positive part of the paper examines the impact on macroeconomic policy of a small country's opening its equity market for investment; the...

While the practical policies toward the exchange rate of the Fed and the ECB are very similar, there is a major philosophical difference between the American view that governments have no business to worry about capital flows and exchange rates versus the European view that these things matter...

A recent symposium in the Journal of Political Economy was devoted to two papers in which Professor Friedman had developed more explicitly than previously the theoretical framework underlying his monetary analysis. In the view of the present authors — and, to judge from his reply to his...