system: international liquidity and exchange rate management. Despite radical changes since World War II in the market … context for liquidity and exchange rate concerns, they remain central to discussions of international macroeconomic policy …

development of thought on international financial questions. Attention is focused on the process of international adjustment and … time, the definition of external balance has evolved in response to changes in the world economy's structure. The foreign … of high international capital mobility. Increasingly, the current account and the national intertemporal budget …

for international reserves. In previous work, we have shown that international reserve demand can be rationalized by a …

Among the developing countries of the world, those emerging markets that have sought some degree of integration into … world finance are characterized by higher per capita incomes, higher long-run growth rates, and lower output and consumption …

undesired political and financial consequences given the incompleteness of domestic and international asset markets. Furthermore … manipulate international asset values in order to change the net foreign asset position could have a destabilizing effect on …

considerable. This paper studies the coherence of international interest rates over more than 130 years. The constraints implied by …

disorder in the world economy. The interwar disorder often is linked to policies inconsistent with the constraint of the open … yield. This historical analytic narrative is compelling with significant ramifications for today's world, if true but …