The macroeconomic implications of trade reform in the presence of capital account restrictions are discussed. Such restrictions are modeled by recognizing the prior constraints on free currency convertibility that are imposed under a multiple exchange rate system. The results indicate that the...

Recent developments in the theoretical and empirical analysis of balance of payments crises are reviewed. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, including alternative...

The economic analysis of labor and employment law is a bold effort to apply economic theory to explain important empirical facts about the regulation of the employment relationship and to provide positive predictions and normative analyses that are useful to policy-makers. This book draws...

The continuing debt crisis that many developing countries have faced in the current decade has underscored the need to understand the relationships between debt accumulation and growth, as well as the need to develop policy approaches that foster adjustment in the external account while...

This paper examines the inter‐relationship between migration of persons and international trade in goods and services. Trade and immigration policies, their effects and inter‐dependence are examined from a variety of viewpoints across several disciplines, and an attempt is made to offer the...

This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as:...