Foreign Exchange Crises: An Essay in Economic Pathology

Front Matter....Pages i-xii
Introductory....Pages 1-7
Symptoms of Crises....Pages 8-16
Front Matter....Pages 17-17
Import Surplus Crises....Pages 19-28
Government Overspending Abroad....Pages 29-33
Overexporting Capital....Pages 34-41
Withdrawals of Foreign Balances....Pages 42-47
Flight of Domestic Capital....Pages 48-52
Pure Speculation....Pages 53-59
Hedging....Pages 60-68
Leads and Lags....Pages 69-83
Outward Arbitrage....Pages 84-87
Front Matter....Pages 89-89
Inflation....Pages 91-98
Political Causes....Pages 99-103
Developments Abroad....Pages 104-108
Structural Changes....Pages 109-112
National Demoralisation....Pages 113-120
Front Matter....Pages 121-121
Drawing on Reserves....Pages 123-125
Borrowing Abroad....Pages 126-130
Export Drives....Pages 131-135
Stop-Go....Pages 136-141
Front Matter....Pages 121-121
Incomes Policy....Pages 142-146
Supporting of Forward Exchanges....Pages 147-153
Exchange Control....Pages 154-157
Devaluation....Pages 158-163
Floating Exchanges....Pages 164-169
Raising the Price of Gold....Pages 170-174
Increasing International Liquidity....Pages 175-183
Joining the Common Market....Pages 184-188
Compulsory Investment-Hedging....Pages 189-192
National Regeneration....Pages 193-199
Back Matter....Pages 200-204