<図書>
Limiting exchange rate flexibility : the European monetary system
| 責任表示 | Francesco Giavazzi and Alberto Giovannini |
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| データ種別 | 図書 |
| 出版情報 | Cambridge, Mass. : MIT Press , c1989 |
| 本文言語 | 英語 |
| 大きさ | xi, 230 p. : ill. ; 24 cm |
| 概要 | Events of recent years have exacerbated the dissatisfaction with the performance of flexible exchange rates, and prompted a number of proposals to limit exchange rate fluctuations among industrialized...countries. This book provides the first in depth analysis of the European Monetary System (EMS), the only lasting experiment of this kind. The book's careful blend of theory and empirical analysis supports the view that, in Europe, nominal exchange rate targets have had significant real effects. Its detailed description of European economic institutions shows why exchange rate fluctuations are perceived as especially harmful. Giavazzi and Giovannini explain the institutional features of the EMS and describe how central banks run the system in practice. They offer an illuminating analysis of European capital controls and show how such regulations have guaranteed the survival of the EMS in a period characterized by unprecedented dollar fluctuations. The authors point out the lessons to be drawn from this experience with the EMS for the more general problem of reforming the international monetary system. Their forceful arguments are backed by analysis of such important issues as the determinants of international capital flows and international portfolio diversification, and the role of credibility and expectations in disinflation. Francesco Giavazzi is Professor of Economics at the University of Bologna. Alberto Giovannini is Associate Professor at the Columbia University Graduate School of Business. 続きを見る |
所蔵情報
| 状態 | 巻次 | 所蔵場所 | 請求記号 | 刷年 | 文庫名称 | 資料番号 | コメント | 予約・取寄 | 複写申込 | 自動書庫 |
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中央図 3B | 337.72/G 41/1 | 1989 |
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068172190023375 |
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書誌詳細
| 一般注記 | Bibliography: p. [207]-222 Includes index |
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| 著者標目 | *Giavazzi, Francesco Giovannini, Alberto |
| 件 名 | LCSH:Foreign exchange administration -- Europe
全ての件名で検索
LCSH:Money -- Europe 全ての件名で検索 LCSH:International finance |
| 分 類 | LCC:HG3942 DC19:332.4/56094 NDC7:337.1 |
| 書誌ID | 1000084137 |
| ISBN | 0262071169 |
| NCID | BA07436278 |
| 巻冊次 | ISBN:0262071169 |
| 登録日 | 2009.09.10 |
| 更新日 | 2009.09.10 |
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