International Trade and Finance: New Frontiers for Research

by Benjamin J. Cohen

Overview

This collection of original essays offers a selection of contemporary scholarship intended to help define an agenda for future research in the field of international trade and finance. Written to honor Peter B. Kenen and to explore his work, the volume is divided into three parts: international trade theory, international monetary theory, and applied policy analysis. Also included is an essay by Paul Krugman assessing Kenen's lifetime of scholarly achievements.

Product Details

ISBN-13:	9780521580861
Publisher:	Cambridge University Press
Publication date:	11/13/1997
Pages:	416
Product dimensions:	6.38(w) x 9.33(h) x 1.18(d)

Table of Contents

Introduction; 1. The practical theorist: Peter Kenen's contribution to international economics Paul R. Krugman; Part I. International Trade Theory: 2. Nature, capital and trade: a second look Patrick J. Conway; 3. The Meade model of preferential trading: history, analytics and policy implications Arvind Panagariya; 4. International trade and big government Dani Rodrik; Part II. International Monetary Theory: 5. Exchange rate regime and international trade Reuven Glick and Clas G. Wihlborg; 6. Exchange rates and investment response in Latin America Linda S. Goldberg; 7. Optimum currency areas and exchange rate volatility: theory and evidence compared Tamim Bayoumi and Barry Eichengreen; 8. Optimum currency area theory: bringing the market back in Benjamin J. Cohen; Part III. Applied Policy Analysis: 9. Labour market adjustment and trade: their interaction in the Triad Marina V. N. Whitman; 10. Do the G-3 countries coordinate monetary policy? Kathryn M. E. Dominguez; 11. Fundamental determinants of Mexico's exchange-rate crisis of 1994 Polly Reynolds Allen; 12. Devaluation cycles and adjustment costs Nancy P. Marion; 13. Payments problems in the Commonwealth of Independent States Constantine Michalopoulos.

Editorial Reviews

"Peter Kenen has enlightened the economics profession with 40 years' worth of contributions to international monetary theory, international trade theory and public policy debates. Benjamin Cohen's International Trade and Finance: New Frontiers for Research is the profession's way of providing a well-deserved and well-crafted thank you. A ‘must read' volume for all interested in international economics." Ronald W. Jones, University of Rochester

"Peter Kenen has been one of the most prolific and influential international economists of his generation. This festschrift, consisting of splendid essays by many of his students, reminds us that Kenen has also been a great teacher who has produced many of today's best international economists. No other scholar can want more than Kenen has achieved." Jagdish Bhagwati, Columbia University

"These high quality papers are fitting tributes to an innovative and influential economist. I particularly enjoyed Paul Krugman's masterly review of Peter Kenen's contributions to theory and policy." W. Max Corden, Johns Hopkins University

From the Publisher