The exchange rate affects the economy through many channels and, consequently, has diverse macroeconomic and development impacts. Five are analysed in this paper: resource allocation, economic development, finance, external balance and inflation. The use of the exchange rate as a developmental...

Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- List of Tables and Figures -- Acknowledgments -- 1 Introduction: Power, Employment, and Accumulation -- Part I: Power, Work, and Distribution -- 2 Skill Mismatch, Bureaucratic Burden, and Rising Earnings...

Intro -- Contents -- Acknowledgments -- Introduction -- 1. Social Accounts and Social Relations -- 2. Prices and Distribution -- 3. Money, Interest, and Inflation -- 4. Effective Demand and Its Real and Financial Implications -- 5. Short-Term Model Closure and Long-Term Growth -- 6. Chicago...

Intro -- Contents -- Editor and Contributors -- 1. External Liberalization in Asia, Post-Socialist Europe, and Brazil -- 2. Belindia Goes to Washington: The Brazilian Economy after the Reforms -- 3. External Liberalization, Growth, and Distribution in China -- 4. Opening Up the Hungarian...