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Международная экономика является комплексной дисциплиной, изучающей взаимодействие экономических агентов разных стран. Традиционно экономическая дисциплина «Международная экономика» делится на 2 части: международная торговля и международные финансы, однако в раздел науки «Международная экономика» включают также международный бизнес, международные экономические отношения, международная политическая экономия и др. смежные дисциплины. (подробнее...)
Всего публикаций в данном разделе: 6

Книги

Авторы:
А Б В Г Д Е Ж З И ЙК Л М Н О П Р С Т УФ Х ЦЧ Ш ЩЭ ЮЯ
A B C D E F G H I J K L M N O P QR S T U V W XYZ
 
Названия:
все А БВ Г ДЕ ЖЗИ ЙКЛМ Н О П РС ТУФХЦ Ч ШЩЭ Ю Я
A B C D E FG H I J KL M N O P QR S T U V W XYZ
 

Fear of Floating [книги]
Опубликовано на портале: 13-08-2007
Guillermo A. Calvo, Carmen M. Reinhart
2003
In recent years, many countries have suffered severe financial crises, producing a staggering toll on their economies, particularly in emerging markets. One view blames fixed exchange rates-- soft pegs'--for these meltdowns. Adherents to that view advise countries to allow their currency to float. Authors analyze the behavior of exchange rates, reserves, the monetary aggregates, interest rates, and commodity prices across 154 exchange rate arrangements to assess whether official labels' provide an adequate representation of actual country practice. Authors find that, countries that say they allow their exchange rate to float mostly do not--there seems to be an epidemic case of fear of floating.' Since countries that are classified as having a free or a managed float mostly resemble noncredible pegs--the so-called demise of fixed exchange rates' is a myth--the fear of floating is pervasive, even among some of the developed countries. Paper presents an analytical framework that helps to understand why there is fear of floating.

Опубликовано на портале: 27-07-2004
Authors study financial fragility, exchange rate crises and monetary policy in an open economy model in which banks are maturity transformers as in Diamond-Dybvig. The banking system, the exchange rate regime, and central bank credit policy are seen as parts of a mechanism intended to maximize social welfare; if the mechanism fails, banking crises and speculative attacks become possible. Authors compare currency boards, fixed rate and flexible rates, with and without a lender of last resort. A currency board cannot implement a socially optimal allocation; in addition, under a currency board bank runs are possible. A fixed exchange rate system may implement the social optimum but is more prone to bank runs and exchange rate crises than a currency board. Larger capital inflows enhance welfare if the no-run equilibrium occurs, but may also render the economy more vulnerable to self-fulfilling runs. A flexible exchange rate system implements the social optimum and eliminates runs, provided the exchange rate and central bank lending policies of the central bank are appropriately designed.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию

Опубликовано на портале: 12-08-2004
Authors analyze the impact of financial globalization on asset prices, investment and the possibility of crashes driven by self-fulfilling expectations in emerging markets. In a two-country model with one emerging market (intermediate income level) and one industrialized country (high income level), they show that liberalization of capital flows increases asset prices, investment and income in the emerging market. However, for intermediate levels of international financial transaction costs, authors find that pessimistic expectations can be self-fulfilling, leading to a financial crash. The crash is accompanied by capital flight, a drop in income and investment below the financial autarky level and more market incompleteness. Authors show that emerging markets are more prone to financial crashes simply because they have a lower income level and not because of the existence of market failures (moral hazard or credit constraints), bad monetary policies or exchange rate regimes.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию

Опубликовано на портале: 01-09-2003
Maurice Obstfeld, Kenneth S. Rogoff
Boston: MIT Press, 2002
Foundations of International Macroeconomics provides the first integrative modern treatment of the core issues in international macroeconomics and finance. It can be used as a text for first-year graduate macroeconomics or for second-year graduate international finance.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 02-09-2003
Frederick van der Ploeg, Ben J. Heijdra
Oxford: Oxford University Press, 2002
This comprehensive textbook for a core course in modern macroeconomics deals with all the major topics, summarizes the important approaches, and gives students a coherent angle on all aspects of macroeconomic thought. Each chapter deals with a separate area of macroeconomics, and each contains a summary section of key points and a further reading list.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 22-12-2009
Ред.: Jennifer Bair
Stanford: Stanford University Press, 2009, 296 с.
Extending the frontiers of commodity chain research, this distinctive volume includes original work from major figures in sociology, history, geography, and labor studies. It underscores the wide and interdisciplinary appeal of chain approaches for analyzing the economic, social, and political dimensions of international trade and production networks. Commodity chain analysis sheds light on the political and ecological implications of economic globalization and on how activists in pursuit of social justice, workers' rights, and environmental protection can use it. Following a substantive review of literature in the field, the collection goes on to examine theoretical and methodological debates over how to conduct research on global commodity and value chains, how power is exercised through these chains, and how global economic activities are coordinated across space. The result is a rich and unusually coherent volume that demonstrates how commodity and value chain analysis is informing contemporary research in a variety of fields.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию