Buch, Englisch, 304 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 647 g
Buch, Englisch, 304 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 647 g
ISBN: 978-0-521-36121-7
Verlag: Cambridge University Press
This volume contains the proceedings of a September 1987 conference organized by the Centre for Economic Policy Research and the International Economics Study Group. The introduction provides a major survey of the literature on North-South macroeconomic interactions. The chapters examine measures of North-South interdependence, estimated using an empirical model of the OECD and the LDCs; North-South policy coordination in response to a worsening of the South's balance of payments position; how cooperative agreements over commodity prices affect welfare in both the South and the North; the use of financial market risk-management techniques to manage commodity price fluctuations; the effects of financial constraints on trade between North and South; the terms and availability of finance for the South; and the interactions of domestic and external finance in influencing LDC growth performance. The volume will interest those involved in policy debates concerning international debt, the global consequences of macroeconomic policy choices in the North, commodity markets, and the economic policies of the less developed countries. It will also form a valuable addition to undergraduate and postgraduate reading lists in trade, finance, international macroeconomics and the economics of developing countries.
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Weitere Infos & Material
List of figures; List of tables; Preface; List of conference participants; 1. Introduction David Currie, Anton Muscatelli and David Vines; 2. An econometric investigation of North-South interdependence Michael Beenstock; Discussion Michael P. Dooley; 3. North-South interactions: a general-equilibrium framework for the study of strategic issues David Currie, David Vines, Thomas Moutos, Anton Muscatelli and Nic Vidalis; Discussion Paul Armington; 4. Commodities, debt and North-South cooperation: a cautionary tale from the structuralist camp Andrew Hughes Hallett; Discussion Ralph C. Bryant; 5. The use of commodity contracts for the management of developing country commodity risks Andrew Powell and Christopher Gilbert; Discussion Jorge Braga De Macedo; 6. An empirical study of disequilibrium in North-South trade S. Hossein Samiei; Discussion Youngil Lim; 7. Global savings, investment and adjustment: on micro- and macroeconomic foundations of North-South financial interdependence Rob Vos; Discussion Alasdair I. MacBean; 8. Brazil's growth prospects: domestic savings, external finance and OECD performance interactions Winston Fritsch; Discussion Adrian Wood; Index.
