Coverart for item
The Resource Money in international exchange : the convertible currency system, Ronald I. McKinnon

Money in international exchange : the convertible currency system, Ronald I. McKinnon

Label
Money in international exchange : the convertible currency system
Title
Money in international exchange
Title remainder
the convertible currency system
Statement of responsibility
Ronald I. McKinnon
Creator
Subject
Language
eng
Cataloging source
DLC
http://library.link/vocab/creatorName
McKinnon, Ronald I
Dewey number
332.4/5
Index
index present
LC call number
HG3881
LC item number
.M2737
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • International finance
  • Monetary unions
  • Foreign exchange rates
  • Finances internationales
  • Unions monétaires
  • Change
  • Internationale financiën
  • Monetaire samenwerking
  • Wisselkoersen
  • Internationales Währungssystem
  • Wechselkurs
Label
Money in international exchange : the convertible currency system, Ronald I. McKinnon
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Pt.1. In Search of International Money: The Convertible Currency System -- Convertibility and Commercial Trading: Official Restraints on Asset Choice -- The Interbank Market for Convertible Currencies -- The Monetary Conditions for Long-Run Exchange Stability -- Technical Note: Foreign Exchange Quotations -- Pt.2. Invention by Central Banks In A World of N Currencies -- N Currencies and N-1 Exchange Rates -- Official Parities and Triangular Arbitrage -- The Choice of the Nth Currency -- The United States as a Vehicle Currency for Commercial Banks -- Inconvertibility, Less Developed Countries, and Pegged Exchanged Rates -- Fixed versus Floating Exchange Rates -- P.3. Currency Inconvertibility and the Foreign Trade of Centrally Planned Economies -- Central Planning and Commodity Inconvertibility -- Multilateral Exchange with the West -- Bilateralism within the Council for Mutual Economic Assistance (CMEA) -- The Determination of Foreign Trade Prices in the CMEA -- Barter, Command Planning, and Economic Sovereignty -- A Gold Ruble? -- Full Liberalization and the Monetary Conditions for Exchange-Rate Stability -- Pt.4. Hedging by Exporters and Importers -- the Currency of Invoice: Tradables I and II -- Currency Risk and the Structure of Trade Credit -- Inventory Valuation Adjustment versus Forward Covering -- Financial Predominance, Tradables II, and the Optimum Double Hedge -- Technical Note: Optimum Forward Cover -- Pt.5. Forward Covering and Interest Arbitrage in Imperfect Capital Markets -- The Trader's Liquidity and Spot versus Forward Covering -- The Empirical Magnitude of Forward Transacting -- Heading Pressure and Bias in the Forward Exchange Rate -- The Importance of Covered Interest Arbitrage -- Forward Market Equilibrium and Interest-Rate Parity -- Imperfections in the Supply of Arbitrage Founds -- Short-Term Capital Flows and the Public Interest -- Technical Note: Covered Interest Arbitrage -- Pt.6. Purchasing Power Parity -- The Law of One Prince and the Absolute Version of Purchasing Power Parity -- Relative Purchasing Power Parity and the "Real" Exchange Rate -- Some Bilateral Statistical Comparisons -- Multilateral Comparisons of Effective Exchange Rates and Prices -- Deviations from the Law of One Price under Fluctuating Exhange Rates -- Implications for Trader Hedging -- Per Capita Income Comparisons and Exchange-Rate Conversions -- Pt.7. Speculation --Ch.1. Floating Exchange Rates among Convertible Currencies -- On Aggregating Open Positions over All Maturities -- The Demand for Stabilizing Speculation and the "J" Curve -- The Supply of Stabilizing Speculation -- Banking Risk versus Currency Risk -- Multinational Corporations and Other Nonspeculators -- Speculating without International Money -- Ch.2. Pegged Exchange Rates and Speculation against Central Banks -- Leads and Lags -- Changing the Currency of Invoice -- Official Speculation and Exchange Controls -- Pt.8. Fluctuating Exchange Rates, 1973-1978: A Qualified Monetary Interpretation -- Keynesian Liquidity Preference and the Rate of Interest In an Open Economy -- Foreign Exchange Dealers and the Domestic Money Market -- The Interest Elasticity of the Liquidity-Preference Function -- Exchange-Rate Fluctuations under Full Information -- Uncertain Expectations -- Optimum Currency Areas -- Intervention by Central Banks: A Concluding Note -- Pt.9. The Eurocurrency Market -- Regulatory Asymmetry: A Potted History -- The Mechanics of Transacting and the Scope of the Market -- Problems of Statistical Measurement: Some Conceptual Difficulties -- The Foreign Exchange Aspect: Covering and Interest Arbitrage -- Liquidity Creation and Domestic Financial Intermediation -- International Capital Transfers -- A Concluding Note on Regulation -- Pt.10. Monetary Unions and Fixed Exchange Rates -- Secular Growth in the Money Supply and the Prices of Tradable Goods -- Official Intervention and Nonsterilization -- The Symmetry Rule and the Aggregate Monetary Base -- On Flexing the System: Discounting and Short-Term -- Capital Flows -- Concluding Note -- Pt.11. America's Role in Stabilizing the World's Monetary System -- The Marshall Plan and the Remonetization of Western European Trade (1948-1959) -- Realization of the Bretton Woods Agreement and the Dollar-Gold Exchange Standard (1959-1968) -- Uncertainly Pegged Exchange Rates and the International Transmission of Inflation (1968-1973) -- Freely Floating Exchange Rates (1973-Present)
Control code
3627633
Dimensions
24 cm
Extent
xii, 294 pages
Isbn
9780195024098
Isbn Type
(pbk.)
Lccn
78000673
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)3627633
Label
Money in international exchange : the convertible currency system, Ronald I. McKinnon
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Pt.1. In Search of International Money: The Convertible Currency System -- Convertibility and Commercial Trading: Official Restraints on Asset Choice -- The Interbank Market for Convertible Currencies -- The Monetary Conditions for Long-Run Exchange Stability -- Technical Note: Foreign Exchange Quotations -- Pt.2. Invention by Central Banks In A World of N Currencies -- N Currencies and N-1 Exchange Rates -- Official Parities and Triangular Arbitrage -- The Choice of the Nth Currency -- The United States as a Vehicle Currency for Commercial Banks -- Inconvertibility, Less Developed Countries, and Pegged Exchanged Rates -- Fixed versus Floating Exchange Rates -- P.3. Currency Inconvertibility and the Foreign Trade of Centrally Planned Economies -- Central Planning and Commodity Inconvertibility -- Multilateral Exchange with the West -- Bilateralism within the Council for Mutual Economic Assistance (CMEA) -- The Determination of Foreign Trade Prices in the CMEA -- Barter, Command Planning, and Economic Sovereignty -- A Gold Ruble? -- Full Liberalization and the Monetary Conditions for Exchange-Rate Stability -- Pt.4. Hedging by Exporters and Importers -- the Currency of Invoice: Tradables I and II -- Currency Risk and the Structure of Trade Credit -- Inventory Valuation Adjustment versus Forward Covering -- Financial Predominance, Tradables II, and the Optimum Double Hedge -- Technical Note: Optimum Forward Cover -- Pt.5. Forward Covering and Interest Arbitrage in Imperfect Capital Markets -- The Trader's Liquidity and Spot versus Forward Covering -- The Empirical Magnitude of Forward Transacting -- Heading Pressure and Bias in the Forward Exchange Rate -- The Importance of Covered Interest Arbitrage -- Forward Market Equilibrium and Interest-Rate Parity -- Imperfections in the Supply of Arbitrage Founds -- Short-Term Capital Flows and the Public Interest -- Technical Note: Covered Interest Arbitrage -- Pt.6. Purchasing Power Parity -- The Law of One Prince and the Absolute Version of Purchasing Power Parity -- Relative Purchasing Power Parity and the "Real" Exchange Rate -- Some Bilateral Statistical Comparisons -- Multilateral Comparisons of Effective Exchange Rates and Prices -- Deviations from the Law of One Price under Fluctuating Exhange Rates -- Implications for Trader Hedging -- Per Capita Income Comparisons and Exchange-Rate Conversions -- Pt.7. Speculation --Ch.1. Floating Exchange Rates among Convertible Currencies -- On Aggregating Open Positions over All Maturities -- The Demand for Stabilizing Speculation and the "J" Curve -- The Supply of Stabilizing Speculation -- Banking Risk versus Currency Risk -- Multinational Corporations and Other Nonspeculators -- Speculating without International Money -- Ch.2. Pegged Exchange Rates and Speculation against Central Banks -- Leads and Lags -- Changing the Currency of Invoice -- Official Speculation and Exchange Controls -- Pt.8. Fluctuating Exchange Rates, 1973-1978: A Qualified Monetary Interpretation -- Keynesian Liquidity Preference and the Rate of Interest In an Open Economy -- Foreign Exchange Dealers and the Domestic Money Market -- The Interest Elasticity of the Liquidity-Preference Function -- Exchange-Rate Fluctuations under Full Information -- Uncertain Expectations -- Optimum Currency Areas -- Intervention by Central Banks: A Concluding Note -- Pt.9. The Eurocurrency Market -- Regulatory Asymmetry: A Potted History -- The Mechanics of Transacting and the Scope of the Market -- Problems of Statistical Measurement: Some Conceptual Difficulties -- The Foreign Exchange Aspect: Covering and Interest Arbitrage -- Liquidity Creation and Domestic Financial Intermediation -- International Capital Transfers -- A Concluding Note on Regulation -- Pt.10. Monetary Unions and Fixed Exchange Rates -- Secular Growth in the Money Supply and the Prices of Tradable Goods -- Official Intervention and Nonsterilization -- The Symmetry Rule and the Aggregate Monetary Base -- On Flexing the System: Discounting and Short-Term -- Capital Flows -- Concluding Note -- Pt.11. America's Role in Stabilizing the World's Monetary System -- The Marshall Plan and the Remonetization of Western European Trade (1948-1959) -- Realization of the Bretton Woods Agreement and the Dollar-Gold Exchange Standard (1959-1968) -- Uncertainly Pegged Exchange Rates and the International Transmission of Inflation (1968-1973) -- Freely Floating Exchange Rates (1973-Present)
Control code
3627633
Dimensions
24 cm
Extent
xii, 294 pages
Isbn
9780195024098
Isbn Type
(pbk.)
Lccn
78000673
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)3627633

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