7. On the Effectiveness of Discrete Devaluation in Balance of Payments Adjustment

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Preface ix
4. Introduction 1
5. 1. Sources of Misalignment in the 1980s 9
6. 2. Sterling Misalignment and British Trade Performance 39
7. 3. Exchange Rate Variability, Misalignment, and the European Monetary System 77
8. 4. Realignment of the Yen-Dollar Exchange Rate: Aspects of the Adjustment Process in Japan 105
9. 5. Roundtable on Exchange Rate Policy 149
10. 6. Monopolistic Competition and Labor Market Adjustment in the Open Economy 169
11. 7. On the Effectiveness of Discrete Devaluation in Balance of Payments Adjustment 195
12. 8. Exchange Rates and U.S. Auto Competitiveness 215
13. 9. U.S. Manufacturing and the Real Exchange Rate 241
14. 10. Long-Run Effects of the Strong Dollar 277
15. 11. New Directions for Research 299
16. Contributors 309
17. Name Index 311
18. Subject Index 315