1997 Asian financial crisis
A01=Robert Solomon
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At A Discount
Author_Robert Solomon
Bailout
Balance of payments
Bank run
Budget
Budgetary policy
Buyback
Capital control
Capital market
Category=KCL
Central bank
Credit (finance)
Credit risk
Currency
Currency appreciation and depreciation
Currency intervention
Currency swap
Current account
Debt
Debt crisis
Depreciation
Deutsche Bundesbank
Devaluation
Developed country
Dollar Shortage
Economic bubble
Economic cost
Economic growth
Economic interventionism
Economic planning
Economic power
Economic recovery
Economics
Economy
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eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Eurosclerosis
Excess reserves
Exchange rate
Expense
Financial crisis
Financial fragility
Financial Times
Foreign direct investment
Foreign exchange market
Foreign Exchange Reserves
Foreign exchange risk
Forward contract
Funding
Government budget
Government debt
Hard currency
Income
Interest Cost
Interest rate
Investment
Investor
Macroeconomics
Margin (finance)
Market liquidity
Market maker
Market rate
Market value
Monetarism
Monetary authority
Monetary policy
Monetary system
Money
Money market
Money supply
Net investment
New Economic Policy
Output gap
Payment
Peso
Pigovian tax
Public expenditure
Purchase Price
Purchasing power parity
Real interest rate
Recession
Repurchase agreement
Revaluation
Revenue
Seigniorage
Share price
Speculation
Speculative attack
Tax
Tight Monetary Policy
Trade credit
Unemployment
Product details
- ISBN 9780691004440
- Weight: 510g
- Dimensions: 152 x 235mm
- Publication Date: 31 Jan 1999
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
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The international monetary system has changed radically in the last twenty years. Capital, information, goods, and services move around the globe with unprecedented ease. Countries from the former communist bloc have joined the system. Europe is on the verge of monetary union. Financial crises in East Asia and Mexico have rocked the world economy. In this book, Robert Solomon--author of the definitive history of the monetary order between 1945 and 1981--presents the first comprehensive history of these and other aspects of this revolution in international finance. Authoritative, accessible, and elegantly written, the book will be indispensable for anyone who wishes to understand how today's international monetary system works. Solomon begins with the spectacular rise and subsequent decline of the foreign exchange value of the U.S. dollar in the 1980s. He covers the debt crisis of developing countries in the 1980s. He explores the shift from central planning to market economies in many countries in the 1990s and explains the origins, implications, and problems of the move to a single European currency.
Solomon examines in detail the striking increase in the mobility of capital--paying particular attention to the costs and benefits for developing countries, and to the role of capital mobility in the Mexican crisis of 1994 and the Asian crisis that began in 1997. In the book's final chapter, Solomon provides an overview of the international monetary system and considers how it might evolve in the future. In this section, he focuses on the key subjects of balance-of-payments adjustments, supply of reserves, and stability. He also evaluates a variety of much-debated policy instruments, including inflation targeting, currency boards, target zones for exchange rates, free-floating exchange rates, the Tobin tax, macroeconomic policy coordination, and special drawings rights. Throughout, Solomon relates developments in the international monetary system to macroeconomic conditions in the countries involved--arguing that it is impossible to understand one without understanding the other.
As a clear, thorough, and unusually perceptive account of global finance and monetary economics in the late twentieth century, Money on the Move will be vital reading for economists, policymakers, and general readers.
Robert Solomon, a Guest Scholar at the Brookings Institution, was for many years the chief international economist at the Federal Reserve Board. He is the author of the classic books The International Monetary System, 1945-1981 (Harper and Row) and The Transformation of the World Economy (Macmillan and St. Martin's Press). He is the publisher of International Economic Letter, a monthly analysis that goes to major central banks, international institutions, and private subscribers.
