Overview

In Evolving Patterns in Global Trade and Finance, Professor Sven W Arndt offers succinct and rigorous explanations of important developments in trade, finance and international monetary relations. Topics include economic and monetary integration, cross-border production networks, and stabilization policy in orthodox and mixed exchange-rate regimes. The theoretical framework developed in this volume provides critical assessments of existing policies and practices, develops theoretical foundations for new and emerging patterns in trade and finance, and evaluates how well economists and policy makers are dealing (or have dealt) with the challenges they face. Readers will find the most in-depth and comprehensive discussion of international production networks (“off-shoring”), a detailed analysis of the implications for US economic stability and policy autonomy of its unorthodox exchange rate regime of fixed and floating rates, and insights into the causes of recent economic and financial turmoil in the global economy.Contents: Part I: Beyond the Standard Trade Model: Free Trade and Its AlternativesOn Discriminatory vs. Non-Preferential Tariff PoliciesCustoms Union and the Theory of TariffsDomestic Distortions and Trade Policy Part II: Fragmentation and Cross-Border Production Networks: FragmentationSuper-Specialization and the Gains from TradeGlobal Production Networks and Regional IntegrationProduction Networks in an Economically Integrated RegionTrade Diversion and Production SharingProduction NetworksExchange Rates, and Macroeconomic StabilityTrade, Production Networks and the Exchange RateIntra-Industry Trade and the Open EconomyFragmentation, Imperfect Competition and Heterogeneous Firms Part III: Macro Policy Challenges in Open Economies: Policy Choices in an Open Economy: Some Dynamic ConsiderationsJoint Balance: Capital Mobility and the Monetary System of a Currency AreaInternational Short-Term Capital Movements: A Distributed Lag Model of Speculation in Foreign ExchangeRegional Currency Arrangements in North AmericaAdjustment in an Open Economy with Two Exchange-Rate RegimesStabilization Policy in an Economy with Two Exchange Rate RegimesPolicy Challenges in a Dual Exchange Rate RegimeThe Great Moderation in a Dual Exchange Rate RegimeReadership: Advanced economics undergraduates and graduate students; academic researchers in both trade and open economy macroeconomics and international finance.Key Features: Offers the most complete and comprehensive analysis of “off-shoring” and international production networksPays serious attention to the existence of distortions and anti-competitive elements that threaten the ability of markets to function properlyAddresses weaknesses in current exchange rate arrangements that may contribute to global economic and financial instability

Full Product Details

9781322100029

Table of Contents

Reviews

Author Information

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available