This account of exchange rates in the international monetary system considers the issues in international macroeconomics. Using theoretical models of internatio

In an outstanding account of exchange rates inthe international monetary system, W. Max Corden considers the essential issues in international macroeconomics.Th

Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in

What guidance does academic research really provide to economic policy development? The critical and analytical surveys in this volume investigate links between