International financial policy: essays in honor of Jacques J. Polak
Gespeichert in:
Format: | Buch |
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Sprache: | English |
Veröffentlicht: |
Washington, DC
International Monetary Fund u.a.
1991
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Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | XIV, 508 S. Ill. |
ISBN: | 155775196X |
Internformat
MARC
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Datensatz im Suchindex
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CONTENTS PAGE PREFACE V CONTRIBUTORS XIII PART ONE. OVERVIEW AND
REFLECTIONS CHAPTER 1. MAJOR THEMES IN THE WRITINGS OF JACQUES J. POLAK
JACOB A. FRENKEL, MORRIS GOLDSTEIN, AND MOHSIN S. KHAN 3 I.
INTERNATIONAL SPILLOVERS OF NATIONAL ECONOMIC POLICIES * 22 II. THE
MONETARY APPROACH TO THE BALANCE OF PAYMENTS * 20 III. THE FUNCTIONING
OF THE INTERNATIONAL MONETARY SYSTEM * 27 IV. CLOSING REMARKS * 37 ANNEX
I. JACQUES J. POLAK*A BIBLIOGRAPHY, 1937-91 * 39 ANNEX II. DEPRECIATION
TO MEET A SITUATION OF OVERINVESTMENT, BY JACQUES J. POLAK * 46 CHAPTER
2. THE EARLY YEARS OF THE INTERNATIONAL MONETARY FUND EDWARD M.
BERNSTEIN 58 PART TWO. THE INTERNATIONAL MONETARY SYSTEM CHAPTER 3.
CHANGING PERSPECTIVES ON THE INTERNATIONAL MONETARY SYSTEM ROBERT
SOLOMON 67 I. BALANCE OF PAYMENTS ADJUSTMENT*THEN * 68 N. BALANCE OF
PAYMENTS ADJUSTMENT*NOW * 72 III. INTERNATIONAL LIQUIDITY*THEN * 74 VII
VLLL CONTENTS IV. INTERNATIONAL LIQUIDITY*NOW * 76 V. CONCLUDING COMMENT
* 77 CHAPTER 4. MONETARY INTEGRATION IN EUROPE ANDREW CROCKETT 78 I. THE
COSTS AND BENEFITS OF MONETARY UNION * 80 II. TRANSITIONAL ISSUES * 88
III. THE HARD ECU PROPOSALS * 92 IV. CRITICISMS OF THE HECU PROPOSAL *
98 CHAPTER 5. SOME IMF PROBLEMS AFTER THE COMMITTEE OF TWENTY ALEXANDRE
KAFKA 102 I. THE REGULATORY FUNCTIONS OF THE IMF AFTER THE COLLAPSE OF
THE PAR VALUE SYSTEM * 103 II. THE FINANCIAL FUNCTIONS OF THE FUND * 106
III. HOW TO STRENGTHEN THE FUND'S INFLUENCE * 117 CHAPTER 6. WHAT FUTURE
FOR THE INTERNATIONAL MONETARY SYSTEM? RICHARD N. COOPER 106 I. PAST
INTERNATIONAL MONETARY SYSTEMS * 126 II. A BRIEF EVALUATION * 133 III.
THE CASE FOR FLEXIBLE EXCHANGE RATES * 133 IV. PROBLEMS WITH FLEXIBLE
RATES - 135 V. PROPOSALS FOR REFORM * 139 VI. EVALUATION OF THE
SINGLE-CURRENCY PROPOSAL * 145 CHAPTER 7. FAILINGS OF THE SDR: LESSONS
FROM THREE DECADES RUDOLF R. RHOMBERG 150 I. SALIENT HISTORICAL
OBSERVATIONS * 151 II. WHY HAS THE SDR FAILED? * 162 PART THREE. ROLE OF
THE INTERNATIONAL MONETARY FUND CHAPTER 8. BORROWING BY THE FUND: ULTRA
VIRES AND OTHER PROBLEMS JOSEPH GOLD 173 I. BORROWING BY IMF UNDER
ARTICLE VII * 173 ORIGIN OF POWER TO BORROW * 273 CONTENTS IX PROBLEMS
OF INTERPRETING ARTICLE VII * 178 ASPECTS OF PRACTICE UNDER ARTICLE VII
* 195 II. DIRECT LOANS BY LENDERS TO MEMBERS * 218 III. BORROWING UNDER
ARTICLE V, SECTION 2(FE) - 221 THE POWER TO BORROW UNDER ARTICLE V,
SECTION 2(FT) * 222 BORROWING FROM NONMEMBER * 222 CONSTRAINTS ON POWER
TO BORROW * 224 FREEDOM FROM CONSTRAINTS * 233 TV. THE CASE FOR
BORROWING - 236 ANNEX I. ORIGINAL ARTICLES AND PRESENT ARTICLES - 240
CHAPTER 9. RECENT EVOLUTION OF FUND CONDITIONALITY AZIZALI F. MOHAMMED
244 I. BASIC CONDITIONALITY - 244 II. EVOLUTION IN THE 1980S * 246 III.
ADAPTATIONS TO EASTERN EUROPE * 252 CHAPTER 10. THE MONETARY CHARACTER
OF THE IMF W. F. DUISENBERG AND A. SZDSZ 254 I. THE MONETARY CHARACTER
IN THE EARLY 1980S * 256 II. THE MONETARY CHARACTER IN THE PRESENT
SITUATION * 260 III. CONCLUDING REMARKS * 264 PART FOUR. CURRENT ISSUES
IN THE OPEN ECONOMY CHAPTER 11. PRUDENTIAL SUPERVISION AND MONETARY
POLICY H. ROBERT HELLER 269 I. POLICY FUNCTIONS - 270 II. BANK
SUPERVISORY AND REGULATORY FUNCTIONS * 272 III. COMPETING INTERESTS *
273 IV. BASIC TENETS * 274 V. PRESERVING THE CENTRAL BANK'S INDEPENDENCE
* 276 VI. THE TRACK RECORD * 277 VII. THE ROLE OF THE CENTRAL BANK IN
SUPERVISION * 279 VIII. CONCLUSION * 280 X CONTENTS CHAPTER 12. NATIONAL
AND INTERNATIONAL MONETARY POLICY /. DE BEAUFORT WIJNHOLDS 282 I.
NATIONAL MONETARY POLICY * 285 II. INTERNATIONAL MONETARY POLICY * 288
III. CAN INTERNATIONAL LIQUIDITY BE CONTROLLED? * 295 CHAPTER 13.
EXCHANGE RATE ARRANGEMENTS, SEIGNIORAGE, AND THE PROVISION OF PUBLIC
GOODS PETER B. KENEN 306 I. INTRODUCTION * 306 II. THE MODEL * 311 III.
THE NATIONAL CURRENCY CASE * 325 IV. THREE MORE POLICY REGIMES * 322 V.
THE COMMON CURRENCY CASE * 328 VI. SUMMARY AND CONCLUDING NOTE * 335
ANNEX I. THE SECOND-ORDER CONDITIONS * 336 ANNEX II. MAPPING SOLUTIONS
FOR OPTIMAL OUTPUT OF THE PUBLIC GOOD * 340 CHAPTER 14. HOW TO WARRANT A
SUFFICIENT LEVEL OF ENERGY SUPPLY TO FUTURE GENERATIONS JAN TINBERGEN
345 I. THE PROBLEM AND ITS CORE * 345 II. PERMISSIBLE CONSUMPTION AND
"OPTIMUM MOMENT" * 346 III. SOME INTERESTING COMPUTATIONS * 346 IV. COAL
* 347 V. NATURAL GAS * 348 VI. CONCLUSION - 349 ANNEX I. BASIC DATA USED
* 349 CHAPTER 15. CURRENT ISSUES IN TRANSITION ECONOMICS JOHN WILLIAMSON
350 I. THE SCOPE OF REFORM * 351 II. GRADUALISM VERSUS A BIG BANG * 352
III. THE MINIMUM CRITICAL SIZE OF BANG * 355 IV. SUMMARY AND COMPARISONS
* 366 CONTENTS XL PART FIVE. EXTERNAL ADJUSTMENT AND POLICY ASSIGNMENT
CHAPTER 16. THE DESIGN OF MACROECONOMIC POLICY IN THE WORLD ECONOMY:
PROPOSALS FOR REFORM VICTOR ARGY 373 I. INTRODUCTION AND BACKGROUND *
373 II. REFORM PROPOSALS * 377 III. AN EVALUATION OF SOME REFORM
PROPOSALS * 406 ANNEX I. THE MEDIUM-RUN MODEL UNDERLYING THE THESIS IN
THE SECTION ON "LABOR MARKET REFORMS" * 411 CHAPTER 17. THE CURRENT
ACCOUNT AND THE POLICY MIX UNDER FLEXIBLE EXCHANGE RATES HANS GENBERG
AND ALEXANDER K. SWOBODA 420 I. THE CURRENT ACOUNT AS A POLICY TARGET,
ALTERNATIVE ASSIGNMENT RULES, AND OTHER PRELIMINARIES * 424 II. THE
SMALL ECONOMY CASE - 428 III. THE POLICY MIX IN A MULTICOUNTRY SETTING *
434 IV. EVIDENCE ON ASSIGNMENT RULES FROM SIMULATION MODELS * 449 V.
CAPITAL MOBILITY, FISCAL POLICY, AND COORDINATION: A SUMMARY * 451
CHAPTER 18. DOES THE CURRENT ACCOUNT MATTER? THE OLD VIEW AND THE NEW W.
MAX CORDEN 455 I. THE OLD VIEW * 457 II. THE NEW VIEW * 459 III.
QUALIFICATIONS AND COMPLICATIONS * 462 IV. THE NEW VIEW AND THE
BARRO-RICARDO THEOREM * 471 V. CONCLUSION * 475 CHAPTER 19. THE QUANTITY
THEORY OF MONEY IN AN OPEN ECONOMY: VARIATIONS ON THE HUME-POLAK MODEL
ROBERT MUNDELL 479 I. MONETARY STATICS - 482 II. MONETARY DYNAMICS * 491
III. CONCLUSION * 505 |
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title | International financial policy essays in honor of Jacques J. Polak |
title_auth | International financial policy essays in honor of Jacques J. Polak |
title_exact_search | International financial policy essays in honor of Jacques J. Polak |
title_full | International financial policy essays in honor of Jacques J. Polak ed. by Jacob A. Frenkel ... |
title_fullStr | International financial policy essays in honor of Jacques J. Polak ed. by Jacob A. Frenkel ... |
title_full_unstemmed | International financial policy essays in honor of Jacques J. Polak ed. by Jacob A. Frenkel ... |
title_short | International financial policy |
title_sort | international financial policy essays in honor of jacques j polak |
title_sub | essays in honor of Jacques J. Polak |
topic | POLAK, J.J - (JACQUES JACOBUS) unbisn Polak, Jacques J. 1914-2010 (DE-588)119091666 gnd Fonds monétaire international - Congrès IMF unbisn International Monetary Fund -- Congresses Internationaler Währungsfonds (DE-588)1013082-2 gnd FESTSCHRIFTEN unbist Finances internationales - Congrès IMF gtt INTERNATIONAL FINANCE unbist Internationale monetaire politiek gtt Monetaire samenwerking gtt International finance -- Congresses Internationales Währungssystem (DE-588)4072901-1 gnd Bibliografie (DE-588)4006432-3 gnd |
topic_facet | POLAK, J.J - (JACQUES JACOBUS) Polak, Jacques J. 1914-2010 Fonds monétaire international - Congrès IMF International Monetary Fund -- Congresses Internationaler Währungsfonds FESTSCHRIFTEN Finances internationales - Congrès INTERNATIONAL FINANCE Internationale monetaire politiek Monetaire samenwerking International finance -- Congresses Internationales Währungssystem Bibliografie Aufsatzsammlung Festschrift Konferenzschrift 1991 Washington DC |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003624399&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT frenkeljacoba internationalfinancialpolicyessaysinhonorofjacquesjpolak AT polakjacquesj internationalfinancialpolicyessaysinhonorofjacquesjpolak |