Category Books

Money, Capital Mobility, and Trade: Essays in Honor of Robert A. Mundell »

Authors: Guillermo A. Calvo (Editor), Rudiger Dornbusch (Editor), Maurice Obstfeld
ISBN-13: 9780262032827, ISBN-10: 0262032821
Format: Hardcover
Publisher: MIT Press
Date Published: January 2001
Edition: (Non-applicable)

Author Biography: Guillermo A. Calvo

Guillermo A. Calvo is Distinguished University Professor and the Director of the Center for International Economics at the University of Maryland. Since 2001 he has served as Chief Economist and Manager of the Research Department at the Inter-American Development Bank. He is the author of Money, Exchange Rates, and Output (MIT Press, 1996).

The late Rudi Dornbusch was Ford Professor of Economics and International Management at MIT.

Book Synopsis

Essays by leading economists and scholars reflecting on Mundell's broad influence on modern open-economy macroeconomics.

	Contributors
	Acknowledgments
	Nobel Prize Background Survey
	Introduction	1
1	The International Effects of Monetary and Fiscal Policy in a Two-Country Model	9
2	The Rise and Fall of a Barbarous Relic: The Role of Gold in the International Monetary System	53
3	Fostering Financial Stability: A New Case for Flexible Exchange Rates	123
4	Curing a Monetary Overhang: Historical Lessons	143
5	Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises	171
6	Perspectives on the Recent Currency Crisis Literature	207
7	Progress in the Theory of Economic Policy	251
8	International Trade and Factor Mobility: An Empirical Investigation	273
9	Saving, Investment, and Gold: A Reassessment of Historical Current Account Data	303
10	Globalization and the Consequences of International Fragmentation	365
11	Money Shocks and the Current Account	385
12	Euroland and East Asia in a Dollar-Based International Monetary System: Mundell Revisited	413
13	The Business Cycles of Balance-of-Payments Crises: A Revision of a Mundellian Framework	431
14	Tariffs, Unemployment, and the Current Account: An Intertemporal Equilibrium Model	467
15	The Policy Rule Mix: A Macroeconomic Policy Evaluation	505
	Index	519