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Real Adjustment Processes under Floating Exchange Rates

  • Book
  • © 1990

Overview

Editors:
  1. Franz Gehrels

    1. Volkswirtschaftliches Institut, Universität München, München 22, Germany

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  2. Horst Herberg

    1. Institut für Theoretische Volkswirtschaftslehre, Universität Kiel, Kiel 1, Germany

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  3. Helmut Schneider

    1. Wirtschaftswissenschaftliches Institut, Universität Zürich, Zürich, Austria

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  4. Hans-Jürgen Vosgerau

    1. Sprecher des Sonderforschungsbereichs 178 „Internationalisierung der Wirtschaft“, Fakultät für Wirtschaftswissenschaften und Statistik der Universität Konstanz, Konstanz 1, Germany

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Part of the book series: Studies in International Economics and Institutions (INTERN.ECONOM.)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-v
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  2. Introduction

    1. Introduction

      • Helmut Schneider
      Pages 1-19

  3. Contributions

    1. Sectoral Effects of Higher Costs of Imported Inputs

      • Klaus Baumgarten, Horst Herberg
      Pages 20-32

    2. The Dutch Disease or Problems of a Sectoral Boom

      • Klaus Enders
      Pages 33-52

    3. Sectoral Transmission and Aggregate Effects of Imported Inflation: An Econometric Input-Output Model for the Federal Republic of Germany

      • Gustav Dieckheuer, Ulrich Müller, Helmut E. Nödinger
      Pages 53-80

    4. Structural Change, Adjustment Strategies and Employment in an Open Economy: The Case of the Manufacturing Industries in the Federal Republic of Germany

      • Joachim Wagner, Lutz Bellmann
      Pages 81-98

    5. Entrepreneurial Adjustment in Structural Change Results from a Survey of Selected Lower Saxonian Industries, 1980–1985

      • Birgit Gehrke
      Pages 99-112

    6. Non-Tariff Barriers to Trade — Unsuitable Instruments of an Employment Policy

      • Horst Herberg, Hanno Kühn
      Pages 113-128

    7. On the Spatial Structure of the World Economy Since World War II

      • Karin Peschel
      Pages 129-157

    8. The Extended Moving-Equilibrium Method: A Presentation

      • Thusnelda Tivig
      Pages 158-168

    9. Local Stability and Dynamic Aspects in a Two-Country Model with Fixed and Flexible Exchange Rates

      • Ulrich K. Schittko, Bernhard Eckwert
      Pages 169-203

    10. Alternative Specifications of Asset Markets in Portfolio Balance Models

      • Thusnelda Tivig
      Pages 204-241

    11. On Fiscal PONZI Games in a World Economy with Overlapping Generations

      • Michael Schmid
      Pages 242-290

  4. Back Matter

    Pages 291-302
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Keywords

About this book

Helmut Schneider 1. The Formulation of the Research Programme 1. In the late sixties the acceleration of US inflation revived the discussion of the fifties about the superiority of flexible exchange rates: The US balance of payments deteriorated since 1965, the dollar shortage after World War II changed to a dollar surplus. The import of US inflation by their main trading partners intensified political pressures so that at the beginning of the seventies most leading countries decided, contrary to the rules of the Bretton Woods agreement, to stop their intervention in the market for foreign exchange and to let the exchange rates be determined by market forces. It is worthwhile recalling that at that time one had only very limited experience with the regime of flexible exchange rates: The most important case, the floating of Canadian against the US dollar, could not be generalized to a world where nearly all important countries adhered to the regime of flexible exchange rates. ! - But one really had rich experience with destabilizing capital flows (or "hot money") that forced monetary authorities to adjust exchange rates in a system of managed flexibility to the expecta­ tions of "speculators".

Editors and Affiliations

  • Volkswirtschaftliches Institut, Universität München, München 22, Germany

    Franz Gehrels

  • Institut für Theoretische Volkswirtschaftslehre, Universität Kiel, Kiel 1, Germany

    Horst Herberg

  • Wirtschaftswissenschaftliches Institut, Universität Zürich, Zürich, Austria

    Helmut Schneider

  • Sprecher des Sonderforschungsbereichs 178 „Internationalisierung der Wirtschaft“, Fakultät für Wirtschaftswissenschaften und Statistik der Universität Konstanz, Konstanz 1, Germany

    Hans-Jürgen Vosgerau

Bibliographic Information

  • Book Title: Real Adjustment Processes under Floating Exchange Rates

  • Editors: Franz Gehrels, Horst Herberg, Helmut Schneider, Hans-Jürgen Vosgerau

  • Series Title: Studies in International Economics and Institutions

  • DOI: https://doi.org/10.1007/978-3-642-84198-9

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin · Heidelberg 1990

  • Softcover ISBN: 978-3-642-84200-9Published: 15 December 2011

  • eBook ISBN: 978-3-642-84198-9Published: 06 December 2012

  • Series ISSN: 1431-6366

  • Edition Number: 1

  • Number of Pages: VI, 302

  • Topics: International Economics

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