Misalignment of Exchange Rates

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ISBN: 9780226507255

Preface
Introduction
Richard C. Marston
1. Sources of Misalignment in the 1980s
William H. Branson
Comment: Maurice Obstfeld
2. Sterling Misalignment and British Trade Performance
Charles R. Bean
Comment: Willem H. Buiter
3. Exchange Rate Variability, Misalignment, and the European Monetary System
Paul De Grauwe and Guy Verfaille
Comment: Jacques Melitz
4. Realignment of the Yen-Dollar Exchange Rate: Aspects of the Adjustment Process in Japan
Bonnie Loopesko and Robert A. Johnson
Comment: Richard C. Marston
5. Roundtable on Exchange Rate Policy
Stanley W. Black, Dale W. Henderson, and John Williamson
6. Monopolistic Competition and Labor Market Adjustment in the Open Economy
Joshua Aizenman
Comment: Stephen J. Turnovsky
7. On the Effectiveness of Discrete Devaluation in Balance of Payments Adjustment
Louka T. Katseli
Comment: Alberto Giovannini
8. Exchange Rates and U.S. Auto Competitiveness
J. David Richardson
Comment: Robert Lawrence
9. U.S. Manufacturing and the Real Exchange Rate
William H. Branson and James P. Love
Comment: Robert M. Stern
10. Long-Run Effects of the Strong Dollar
Paul Krugman
Comment: Kala Krishna
11. New Directions for Research
Rudiger Dornbusch
List of Contributors
Name Index
Subject Index