The Alignment of Foreign Exchange Rates

Name: The Alignment of Foreign Exchange Rates
Author: Machlup

1973

by Machlup

Fritz MachlupBalance of PaymentsFiscal PolicyMonetary PolicyGold ReservesEffective DemandCapital MovementsGold StandardFederal ReserveLiquidityInterest RatesDevaluationPrice MechanismExchange RatesLabor MobilityInflationUnemploymentInternational Monetary FundExchange ControlTerms of TradeResource AllocationSpeculationDiscount RateBretton Woods

Table of Contents · 20 segments

Front Matter and Publication Detailsfront_matter

Preface and Table of Contentsfront_matter

First Lecture: Adjustment Policies and Processes - Alignment and Equilibriumtheoretical

How Exchange Rates Get Out of Line: Causes of Disalignmenttheoretical

The Conjuncture of Forces in Exchange-Rate Disalignmenttheoretical

Techniques for Redressing Imbalances: Market Segmentation and Selective Devaluationtheoretical

Real and Financial Correctives vs. Real Adjustmenttheoretical

Monetary Policy and the Classical Adjustment Processtheoretical

Adjustment in Reserve-Currency Countriestheoretical

Fiscal Policy and the Theory of the Policy Mixtheoretical

The Mechanism of Exchange-Rate Adjustmenttheoretical

Interprovincial Adjustment and Optimal Currency Areastheoretical

The Social and Economic Costs of Adjustmenttheoretical

Second Lecture: The Problem of Timing and Resistance to Realignmenttheoretical

Political and Economic Arguments Against Upvaluation and Devaluationtheoretical

Inflation, The 'Right Moment', and the Shock Theorytheoretical

Objections to Greater Flexibility: Discipline, Speculation, and Tradetheoretical

Market Signals and Indicators for Small Adjustmentstheoretical

Floating Rates as a Transitional Tooltheoretical

Conclusion and Author Biographytheoretical