本书原定价140.00美元，净重580克，馆藏。【图书分类：经济 > 财政、金融 > 金融、银行 > 金融、银行理论 > 汇兑】Debt, Deficits and Exchange Rates resents recent work by Helmut Reisen on current intemational monetary problems in East Asia and Latin America. Written over the last four years, these papers are readily accessible and of immediate policy relevance. The first part is concerned with developing country debt problems, including the growth of domestic public debt, means of hedging a country\'s debt portfolio against key currency fluctuations, evidence on the debt overhang hypothesis, an evaluation of the Brady Plan, and how to attract foreign direct investment. This is followed by essays on financial opening which discuss the impact of alternative exchange rate regimes during financial integration, the degree of financial openness in Korea and Taiwan, an appropriate strategy for the liberalisation of capital flows, and the relationship between financial opening and capital flows. The final part underlines the need for exchange rate management. Issues considered include New Zealand\'s experience with a pure float, the use of the theory of optimal currency areas to assess whether Asian countries should peg to the Yen, institutional features of macroeconomic management in Asia, and how Latin America should respond to heavy capital flows. Bringing together under one cover a wealth of analysis, comment and argument by a leading international scholar, this volume will be welcomed by students, teachers and policy makers as an important contribution to understanding international monetary problems in the developing world.
Contents： Pt. 1. Public Finance, Exchange Rates and Incentives. 1. Public Debt, North and South. 2. Dollar, Yen and Interdependence: Costs of Different Currency Compositions of Indonesia's Debt. 3. Some Evidence on Debt-Related Determinants of Investment and Consumption in Heavily Indebted Countries / Helmut Reisen and B. Hofman. 4. The Brady Plan and Adjustment Incentives. 5. Public Finance in Developing Countries and the Attraction of Foreign Capital Pt. 2. The Macroeconomics of Financial Opening. 6. On Liberalizing the Capital Account: Experiences with Different Exchange Rate Regimes. 7. Time-Varying Estimates on the Openness of the Capital Account in Korea and Taiwan / Helmut Reisen and H. Yeches. 8. Towards Capital Account Convertibility / Helmut Reisen and B. Fischer. 9. Financial Opening and Capital Flows Pt. 3. The Case for Exchange Rate Management. 10. Real Exchange Rate Overshooting and Persistent Trade Effects: The Case of New Zealand / Helmut Reisen and I. Joumard.
Review： 'The collection of essays would provide an excellent supplement to course texts by emphasising the practical applications of theoretical ideas to contemporary international issues.' -- Nick Snowden, The Economic Journal
'. . . this volume provides an interesting collection of papers for those seeking a better understanding of the financial aspects of LDEs' relations with the rest of the world and, in particular, for those wishing to explore the vastly different experience with foreign borrowing of East Asia, on the one hand, and Latin America, on the other.' -- Ross McLeod, Asian-Pacific Economic Literature
About the Author： Helmut Reisen, Head of Research Division, OECD Development Centre, France and Professor of Economics, University of Basel, Switzerland
占位居中
直播中，去观看