International Adjustment and Financing: The Lessons of 1985-1991C. Fred Bergsten, Institute for International Economics (U.S.) This volume reports a conference held at the Institute for International Economics to assess the results of the adjustment process in the major surplus and deficit countries. |
Contents
Introduction Paul R Krugman | 3 |
Progress Prognosis | 15 |
Has the Adjustment Process Worked? Paul R Krugman 275 | 16 |
Copyright | |
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Common terms and phrases
actual adjustment process analysis argued balance of payments balance of trade Bretton Woods system budget deficit capital flows Cline current account balance current account deficit current account surplus decline deflation deutsche mark devaluation dollar depreciation economists effect equations equilibrium Europe exchange rate changes expenditure export prices exports and imports external adjustment external deficit factors finance fixed exchange rates flexible exchange rates foreign German Germany's gold standard growth hard landing improvement increase industrial inflation interest rates International Economics International Monetary International Monetary Fund investment ISBN paper Japan Japanese macroeconomic manufactures trade merchandise trade monetary policy money supply Mundell nominal exchange rate offset oil prices paying country percent of GNP percentage period price of gold problem production ratio real exchange rate receiving country reduce relative prices result rise road vehicles Robert Z saving sector shift SITC trade balance trade deficit trade surplus transfer variables world economy