Currencies, crises, fiscal policy, and coordination

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Title:

Author:

Masson, Paul R.

ISBN:

9789814350150

Publication Information:

Singapore : World Scientific, c2011.

Physical Description:

xxiii, 330 p. : ill. ; 24 cm.

Contents:

Machine generated contents note: I.Exchange Rate Dynamics and Currency Regime Choice -- 1."Dynamic Stability of Portfolio Balance Models of the Exchange Rate" -- Journal of International Economics -- 2."Exchange Rate Dynamics and Intervention Rules," with Adrian Blundell-Wignall -- IMF Staff Papers -- 3."Exchange Rate Regime Transitions" -- Journal of Development Economics -- 4."Explaining the Transition between Exchange Rate Regimes," with Francisco Ruge-Murcia -- Scandinavian Journal of Economics -- II.Currency Crises, Credibility and Contagion -- 5."Credibility of Policies Versus Credibility of Policymakers," with Allan Drazen -- Quarterly Journal of Economics -- Corrigendum to Chapter 5 -- 6."Gaining and Losing ERM Credibility: The Case of the United Kingdom" -- The Economic Journal -- 7."Contagion: Macroeconomic Models with Multiple Equilibria" -- Journal of International Money and Finance -- 8."Currency Crises, Sunspots and Markov-switching Regimes," with Olivier Jeanne --

Contents note continued: Journal of International Economics -- 9."The Normal, the Fat-Tailed, and the Contagious: Modeling Changes in Emerging-Market Bond Spreads with Liquidity," with Shubha Chakravarty and Tim Gulden -- Identifying International Financial Contagion -- III.Fiscal Policy in Currency Unions -- 10."Fiscal Flows in the United States and Canada: Lessons for Monetary Union in Europe," with Tamim Bayoumi -- European Economic Review -- 11."Liability-creating versus Non-liability-creating Fiscal Stabilisation Policies: Ricardian Equivalence, Fiscal Stabilisation and EMU," with Tamim Bayoumi -- The Economic Journal -- 12."Monetary Union in West Africa: Who Might Gain, Who Might Lose, and Why?" with Xavier Debrun and Catherine Pattillo -- The Canadian Journal of Economics -- IV.International Economic Policy Coordination and Uncertainty -- 13."International Policy Coordination in a World with Model Uncertainty," with Atish Ghosh -- IMF Staff Papers --

Contents note continued: 14."Model Uncertainty, Learning, and the Gains from Coordination," with Atish Ghosh -- American Economic Review -- 15."Portfolio Preference Uncertainty and Gains from Policy Coordination" -- IMF Staff Papers.

Abstract:

This volume provides an integrated compilation of selected major articles published by the author in several fields of international finance.

Subject Term:

International finance.

Added Author:

Masson, Paul R.

Copies:

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Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025578812	332.042 M421C 2011	1	Searching... Unknown

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Summary

This volume provides an integrated compilation of selected major articles published by the author in several fields of international finance. These include contributions to the understanding of currency crises and financial contagion, the evolution of exchange rate regimes, the interaction between national fiscal policies and regional monetary unions, and the effect of uncertainty on the gains from international economic policy coordination. The author spent most of his career doing research at established institutions (the Bank of Canada, OECD, and IMF), and these articles emerged from the need to understand the major economic policy issues of the day. In the book's introduction, the author discusses the motivation for these contributions and the unifying themes that emerged, while a concluding chapter provides his personal reflections and suggestions about promising avenues for further research.