International Economic Interdependence, Patterns of Trade Balances and Economic Policy Coordination

Front Matter....Pages i-vii
Introduction and Major Conclusions....Pages 1-8
Trade Balance Patterns as Global General Equilibrium: The Seventeenth Approach to the Balance of Payments....Pages 9-60
Front Matter....Pages 61-61
The Real Exchange Rate Under Alternative Nominal Exchange Rate Regimes....Pages 63-81
The Economic Effects of Expected Fiscal Policy in Small Open Economies....Pages 83-101
The Pass-Through Puzzle: The Missing Prince from Hamlet....Pages 103-113
Front Matter....Pages 115-115
International Economic Interdependence and Trade Balances: Introductory Notes....Pages 117-129
A Framework to Develop Measures of Interdependence and Protectionism....Pages 131-147
North-North and North-South Debt Crises and the Role of Trade Adjustments....Pages 149-174
Latin American Debt, US Role in the Transmission of North-South Linkages, and World Trade....Pages 175-194
The Unified European Market and Trade with Latin America: Emargination or Development?....Pages 195-231
Front Matter....Pages 233-233
Exchange-Rate Regimes and the Desirability of International Cooperation....Pages 235-261
Prices and Exchange Rates: What Theory Needs to Explain....Pages 263-282
International Economic Coordination from Bretton Woods to the G5/G7 Meetings in the 80s....Pages 283-299
International Economic Interdependence and World Income Distribution....Pages 301-307
Evaluation of Actual Mechanisms Worked for External Adjustments in 1985–1988....Pages 309-346
Cooperation in Managing the Dollar (1985–1987): Interventions in Foreign Exchange Markets and Interest Rates....Pages 347-392
EMS Membership Under Real Exchange Rate Appreciation: Recent Trends in Italian Trade....Pages 393-420
Deficits and Surpluses Forever?....Pages 421-434
Back Matter....Pages 435-441