This volume makes a unique contribution to the finance and investment literature by bringing together in one place insightful analyses of three major issues affecting world financial markets. Written by a distinguished group of academics, policymakers, and financial executives, the chapters collected here cover international imbalances and international policy coordination, the international debt crisis, and global financial markets. Although the contributors express a variety of approaches and viewpoints, they are united in emphasizing the growing importance of financial markets in the…mehr
This volume makes a unique contribution to the finance and investment literature by bringing together in one place insightful analyses of three major issues affecting world financial markets. Written by a distinguished group of academics, policymakers, and financial executives, the chapters collected here cover international imbalances and international policy coordination, the international debt crisis, and global financial markets. Although the contributors express a variety of approaches and viewpoints, they are united in emphasizing the growing importance of financial markets in the international economy. In Part I, the contributors deal with the long-standing question of how to deal with international trade imbalances. Their works take dramatically different positions regarding the causes and cures of the U.S trade deficit and the associated fiscal deficit but highlight the increasingly recognized role of financial flows. Among the other issues discussed are exchange rate variations, future challenges to the international monetary system, the foreign exchange market, and central banking. The second section includes six essays which examine aspects of the international debt crisis. The contributors show that the debt crisis is complicated by the greater role of private international financial flows to developing countries than was the case twenty years ago. Separate chapters present an overview of the international debt crisis, look at the debtor position, review the history of the LDC debt crisis, and explore current developments. Part III examines developments in the structure and functioning of global financial markets and contains separate discussions of futures and options markets, Japanese financial markets, international equity market links, implications for investors, and more. Must reading for policymakers and students of international finance, this book is also an ideal set of readings for courses in international economics.Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
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Autorenporträt
HANS R. STOLL is the Anne Marie and Thomas B. Walker, Jr., Professor of Finance and Director of the Financial Markets Research Center at the Owen Graduate School of Management, Vanderbilt University. He is an Associate Editor of the Journal of Financial Economics, The Journal of Finance, and The Journal of Financial and Quantitative Analysis, and serves on the editorial boards of Financial Management, the Journal of Financial Research , and The Review of Futures Markets.
Inhaltsangabe
Foreword by Paul A. Volcker Introduction by Hans R. Stoll International Imbalances and International Policy Coordination Exchange Rates and International Imbalances by John H. Makin Exchange Rates and Balance-of-Payments Adjustment: The Post-1945 Experience by Samuel I. Katz Deficits and Imbalances by Knut Anton Mork Future Challenges to the International Monetary System by Richard N. Cooper The U.S. Trade Deficit and the U.S. Fiscal Deficit: Cause and Effect by Robert Z. Aliber International Economic Policy: The Role of Exchange Rates by Edwin M. Truman Understanding the Foreign Exchange Market by Scott E. Pardee International Economic Policy Issues by Jacob A. Frenkel Economic Policy Coordination by Paul W. McCracken Central Banking: A Japanese Perspective by Shijuro Ogata Dos and Don'ts for Macroeconomic Policy by E. Gerald Corrigan Question and Answer Session I The International Debt Crisis An Overview of the International Debt Crisis by Robert Solomon Question and Answer Session II The LDC Debt Crisis: An Interpretation of History by Richard A. Debs The Debtor Position in Perspective by Helen B. Junz Current Developments in the Debt Crisis by Richard D. Erb Question and Answer Session III Global Financial Markets Financial Futures Markets by Richard L. Sandor Option Markets by Alger B. (Duke) Chapman Japanese Financial Markets by Scott E. Pardee The Global Markets: Where Do We Stand? by David E. Bodner International Equity Market Links by Joseph R. Hardiman Global Futures Trading Systems by William J. Brodsky The Shape of World Equity Markets by Hans R. Stoll International Finance and Financial Policy: Implications for Investors by William B. Hummer Index
Foreword by Paul A. Volcker Introduction by Hans R. Stoll International Imbalances and International Policy Coordination Exchange Rates and International Imbalances by John H. Makin Exchange Rates and Balance-of-Payments Adjustment: The Post-1945 Experience by Samuel I. Katz Deficits and Imbalances by Knut Anton Mork Future Challenges to the International Monetary System by Richard N. Cooper The U.S. Trade Deficit and the U.S. Fiscal Deficit: Cause and Effect by Robert Z. Aliber International Economic Policy: The Role of Exchange Rates by Edwin M. Truman Understanding the Foreign Exchange Market by Scott E. Pardee International Economic Policy Issues by Jacob A. Frenkel Economic Policy Coordination by Paul W. McCracken Central Banking: A Japanese Perspective by Shijuro Ogata Dos and Don'ts for Macroeconomic Policy by E. Gerald Corrigan Question and Answer Session I The International Debt Crisis An Overview of the International Debt Crisis by Robert Solomon Question and Answer Session II The LDC Debt Crisis: An Interpretation of History by Richard A. Debs The Debtor Position in Perspective by Helen B. Junz Current Developments in the Debt Crisis by Richard D. Erb Question and Answer Session III Global Financial Markets Financial Futures Markets by Richard L. Sandor Option Markets by Alger B. (Duke) Chapman Japanese Financial Markets by Scott E. Pardee The Global Markets: Where Do We Stand? by David E. Bodner International Equity Market Links by Joseph R. Hardiman Global Futures Trading Systems by William J. Brodsky The Shape of World Equity Markets by Hans R. Stoll International Finance and Financial Policy: Implications for Investors by William B. Hummer Index
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