International Liquidity and the Balance of Payments of a Reserve-Currency Country

Chapters in this book

1. Frontmatter i
2. Contents v
3. Preface vii
4. Acknowledgments xvi
5. I . Trade, Tariffs, And Welfare
6. Nature, Capital, and Trade 5
7. Toward a More General Theory of Capital and Trade 29
8. Distribution, Demand, and Equilibrium in International Trade: A Diagrammatic Analysis 53
9. On the Geometry of Welfare Economics: A Suggested Diagrammatic Treatment of Some Basic Propositions 62
10. A Note on Tariff Changes and World Welfare 84
11. Migration, the Terms of Trade, and Economic Welfare in the Source Country 90
12. II. International Monetary Theory And Policy
13. International Liquidity and the Balance of Payments of a Reserve-Currency Country 115
14. The Demand for International Reserves 130
15. Toward a Supranational Monetary System 145
16. The Theory of Optimum Currency Areas: An Eclectic View 163
17. Trade, Speculation, and the Forward Exchange Rate 183
18. Floats, Glides, and Indicators: A Comparison of Methods for Changing Exchange Rates 210
19. Portfolio Adjustment in Open Economies: A Comparison of Alternative Specifications 255
20. New Views of Exchange Rates and Old Views of Policy 294
21. III. Monetary Reform And The Dollar
22. International Liquidity: The Next Steps 305
23. Financing and Adjustment: The Carrot and the Stick 314
24. The International Position of the Dollar in a Changing World 319
25. Convertibility and Consolidation: A Survey of Options for Reform 333
26. After Nairobi—beware the rhinopotamus 343
27. Reforming the monetary system— you can't get there from here 350
28. International Monetary Relations after Jamaica: An Overall View 359
29. Techniques to Control International Reserves 367
30. Debt Relief as Development Assistance 388
31. Index 417