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This book examines the implications of the exchange rate regimes and capital flows of the 1990s.
List of contents
List of figures; List of tables; Preface; 1. Introduction George Alogoskoufis, Lucas Papademos and Richard Portes; 2. Global financial integration and current account inbalances Michael Artis and Tamim Bayoumi; 3. The solvency constraint and fiscal policy in an open economy David Currie and Paul Levine; 4. Relaxing the external constraint: Europe in the 1930s Barry Eichengreen; 5. External constraints on European unemployment George Alogoskoufis and Christopher Martin; 6. France and Germany in the EMS: the exchange rate constraint Daniel Cohen and Charles Wyplosz; 7. The external constraint in the UK Charles R. Bean; 8. Savings, investment, government finance, and the current account: the Dutch experience Hugo A. Keuzenkamp and Frederick van der Ploeg; 9. Fiscal deficits, seigniorage, and external debt: the case of Greece George Alogoskoufis and Nicos Christodoulakis; 10. Macroeconomic policy, external targets, and constraints: the case of Spain Juan J. Dolado and José Viñals; 11. Macroeconomic policy and the external constraint: the Danish experience Søren Bo Nielsen and Jørgen Søndergaard; Index.
Summary
This book from the Centre for Economic Policy Research deals with the implications of the exchange rate regimes and capital flows of the 1990s for government macroeconomic policy-making and EC policy co-ordination.
