Share:

Category Books

Currencies and Crises » (New Edition)

Book cover image of Currencies and Crises by Paul Krugman

Authors: Paul Krugman
ISBN-13: 9780262611091, ISBN-10: 0262611090
Format: Paperback
Publisher: MIT Press
Date Published: February 1995
Edition: New Edition

Author Biography: Paul Krugman

Paul Krugman is Professor of Economics and International Affairs at Princeton University and a New York Times columnist. He was awarded the Nobel Prize for Economics in 2008.

Book Synopsis

This new collection revolves around Krugman's work on international monetary economics from the late 1970s to the present in an effort to make sense of a turbulent period that "involved one surprise after another, most of them unpleasant."

	Preface
	Introduction
I	Exchange Rates and the Balance of Payments
1	Adjustment in the World Economy	3
2	The J-Curve, the Fire Sale and the Hard Landing	33
3	Differences in Income Elasticities and Trends in Real Exchange Rates	41
II	Speculation and Exchange Rates
4	A Model of Balance-of-Payments Crises	61
5	Target Zones and Exchange Rate Dynamics	77
6	Speculative Attacks on Target Zones	91
III	The Debt Crisis and Its Aftermath
7	Financing versus Forgiving a Debt Overhang	109
8	Market-Based Debt Reduction Schemes	125
9	Reducing Developing Country Debt	145
IV	The International Monetary System
10	The International Role of the Dollar: Theory and Prospect	165
11	Policy Problems of a Monetary Union	185
	Notes	205
	References	209
	Index	215