Author Description

Product Description This comprehensive survey of the macroeconomic coordination of international economies consists of a collection of essays by leading international economists on the lessons to be learned from the experience with the international monetary system during the 1980s and the issues facinginternational policy makers in the 1990s. The book's broad coverage includes evidence and new interpretations of the behavior of exchange rates, interest rates, and prices during the 1980s, analyses of the European Monetary System, and discussions of various aspects of international policycoordination and design. Review 'useful book... the book gives the interested reader a fine overview of the state of the art in international macroeconomics... It will also show him or her how unsettled the field is, and how much more research will have to be done to improve our knowledge of the exchange markets and of the nature of the interdependence between countries.' Paul De Grauwe, The Economic Journal, May 1992`Collectively these articles should inform academics and policy-makers as they implement the integrated European market and the single European currency... the book does a good job of illustrating how macroeconomic models can be employed to study questions that policymakers care about.' Journal of Money, Credit, and Banking About the Author A. S. Courakis, Official Fellow, Brasenose College, Oxford. M. P. Taylor, Morgan Grenfell Professor of Financial Markets, City University Business School, London.