Pan A. YotopoulosExchange Rate Parity for Trade and Development
Theory, Tests, and Case Studies
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Part I. A Review of the Terrain: 1. Introduction
2. Trade and development: the contours of the landscape
3. Incomplete markets and the 'New Development Economics'
Part II. Theory and Empirical Analysis: 4. Market incompleteness in an open-economy LDC
5. The relationship between real and nominal exchange rates
6. Empirical investigation of real exchange rates: tradability and relative prices
7. An endogenous growth model of incomplete markets in foreign exchange
8. Are devaluations possibly contractionary? A quasi-Australian model with tradables and nontradables
Part III. Successes and Failures in Development: Good/Bad Economics and Governance: 9. Japan: overvaluation without rent-seeking
10. The Philippines: failure in policy and politics
11. Financial integration and the refractory role of intervention: Uruguay and Taiwan
12. Summary, conclusions and policy recommendations
Bibliography.