"Alexander Swoboda is one of the originators of the bipolar view that capital mobility creates pressure for countries to abandon intermediate exchange rate arrangements in favor of greater flexibility and harder pegs. This paper takes another look at the evidence for this hypothesis using two...

This study is devoted to competitiveness in banking. Con- ceptual, measurement, and interpretational issues are dis- cussed innovatively and indetail by a number of leading international experts in the field. Theoretical contributions from the area of international trade in services and from...

This book shows three specific characteristics: First, the focus of many of the investigations is on the analysis of micro data. As the issue of competitiveness is closely linked to the performance, the costs, and the efficiency of the production of financial services by individual banking...

The book extensively discusses the structure and stability of the Hong Kong banking sector, using economic theory and advanced empirical econometric techniques. It is important for readers who are interested in studying the banking industry in general, and the Hong Kong banking sector in particular

The determinants of current account imbalances under floating exchange rates are analyzed. The analysis provides a framework within which the sources of, and the remedies for, the current account imbalances between the United States, Japan, and the Federal Republic of Germany can be discussed....

In these brief concluding remarks, I confine myself to a few reflections on some of the themes that have been broached today, without much reference to individual authors or comments, as it would be impossible to summarize everything that has been said at this conference about the new...