The Globalization of Markets : Capital Flows, Exchange Rates and Trade Regimes / edited by Jerome L. Stein.
With the integration of Europe, there are free movements in goods, services, short and long term capital, and direct investment. The German mark is the key currency in Europe and its value will affect the equilibrium bilateral exchange rates of the other currencies in the EU. It is important to exam...
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| Online Access: |
Full Text (via Springer) |
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| Main Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
Heidelberg :
Physica-Verlag HD : Imprint : Physica,
1997.
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| Subjects: |
| Summary: | With the integration of Europe, there are free movements in goods, services, short and long term capital, and direct investment. The German mark is the key currency in Europe and its value will affect the equilibrium bilateral exchange rates of the other currencies in the EU. It is important to examine the following issues. What determined the trends in the value of the mark? How do we evaluate whether exchange rates are misaligned? Should term capital flows be taxed? What are the effects of regional trading blocs upon trade liberalization? What are the causes of direct foreign investment by multinationals? There is a unity to this book. The authors are senior scholars who approach the subject from the theoretical, policy oriented and econometric points of view. |
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| Physical Description: | 1 online resource (vii, 122 pages) |
| ISBN: | 9783642592461 3642592465 |