Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies (Hardback)
  • Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies (Hardback)
zoom

Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies (Hardback)

(author)
£72.00
Hardback 344 Pages / Published: 27/10/1995
  • We can order this

Usually despatched within 3 weeks

  • This item has been added to your basket
This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefulness and validity of the theoretical framework.

Publisher: Cambridge University Press
ISBN: 9780521482165
Number of pages: 344
Weight: 640 g
Dimensions: 228 x 152 x 24 mm

You may also be interested in...

For All the Tea in China
Added to basket
A Brief History of Tea
Added to basket
The Fair Trade Scandal
Added to basket
Import / Export Kit For Dummies
Added to basket
Jealousy of Trade
Added to basket
£20.95
Paperback
China's Super Consumers
Added to basket
World On Fire
Added to basket
£9.99
Paperback
Power and Plenty
Added to basket
£40.00
Paperback
Turbulent and Mighty Continent
Added to basket
International Economic Law
Added to basket
The Honourable Company
Added to basket
£12.99
Paperback
Forces of the Hanseatic League
Added to basket
The New Silk Road
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.