Crisis Diplomacy, Interdependence, And The Politics of International Economic Relations

1972 ◽  
Vol 24 (S1) ◽  
pp. 123-150 ◽  
Author(s):  
Edward L. Morse
Keyword(s):  
Trade Liberalization ◽  
International Monetary System ◽  
Basic Structure ◽  
The Political ◽  
Trade Policies ◽  
Policy Makers ◽  
Economic Relations ◽  
The Past ◽  
Monetary System ◽  
International Economic Relations

During the past decade policy makers and academic observers have become increasingly aware of the political importance of economic relations, especially among the advanced industrialized states. Some of this awareness came precipitously when monetary crises threatened not only individual currencies such as sterling, the franc, or the dollar, but also the basic structure of the international monetary system. Some of this awareness was more incremental, as with the growing fear that neomercantilist trade policies might result in a reversal of the postwar policies of trade liberalization pursued by the Western industrialized states.

scholarly journals EVOLUTION AND CONTEMPORARY TRENDS OF THE INTERNATIONAL MONETARY SYSTEM

2018 ◽  
Vol 1 (16) ◽  
pp. 23
Author(s):  
Branka Topić-Pavković
Keyword(s):  
International Economic ◽  
International Monetary System ◽  
Research Paper ◽  
Sustainable Growth ◽  
Monetary Integration ◽  
International Exchange ◽  
International Liquidity ◽  
Economic Relations ◽  
Monetary System ◽  
International Economic Relations

The growth dynamics of international exchange and capital flows is conditioned by the efficiency of the international monetary system whose basic task is to provide for international liquidity and smooth international payments. The tendencies in international economic relations in the time of globalisation have determined further directions for the development of the international monetary system. The breakup of the Bretton-Woods System initiated  the establishment of a new European monetary system with the aim to stabilise the exchange rates and  improve further process of integration and international economic relations. In this research paper we have pointed out to the  fact  that economic interdependence of souvereign countries leads to coordination of macroeconomic policies, and that it  can motivate  monetary integration within the monetary policy. The objective of this research paper is to emphasize the stability of the international monetary system as a prerequisite for sustainable growth of national economies and monetary union. The contemporary international monetary system is characterised by the trend of reduced number of national currencies, as this is  a  logical conseqence of increasing European integrations, but also beacuase of significant economic advanatages. Simultaneously, the costs of the euro changeover and introduction of a common currency are lower if economic performances of member countries mutualy converge.

Wilfred Ethier. Modern International Economics. New York: W. W. Norton and Company. 1983. xviii + 588 pp.

1988 ◽  
Vol 27 (1) ◽  
pp. 81-83
Author(s):  
Nadeem A. Burney
Keyword(s):  
International Economic ◽  
New York ◽  
Economic Theory ◽  
International Economics ◽  
International Monetary System ◽  
International Markets ◽  
The Past ◽  
Monetary System ◽  
Recent Developments

Its been long recognized that various economies of the world are interlinked through international trade. The experience of the past several years, however, has demonstrated that this economic interdependence is far greater than was previously realized. In this context, the importance of international economic theory as an area distinct from general economics hardly needs any mentioning. What gives international economic theory this distinction is international markets for some goods and effects of national sovereignty on the character of economic activity. Wilfred Ethier's book, which incorporates recent developments in the field, is an excellent addition to textbooks on international economics for one- or twosemester undergraduate courses. The book mostly covers standard topics. A distinguishing feature of this book is its detailed analysis of the flexible exchange rates and a discussion of the various approaches used for their determination. Within each chapter, the author has extensively used facts, figures and major events to clarify the concepts in the light of the theoretical framework. The book also discusses, in a fair amount of detail, the existing international monetary system and the role of various international organizations.

From Globalisation to Revolution? The Porfirian Political Economy: An Essay on Issues and Interpretations

2009 ◽  
Vol 41 (2) ◽  
pp. 347-368 ◽  
Author(s):  
PAOLO RIGUZZI
Keyword(s):  
Political Economy ◽  
Mexican Revolution ◽  
Future Research ◽  
The Political ◽  
Economic Relations ◽  
Future Research Agenda ◽  
Current State ◽  
International Economic Relations ◽  
Economic Strategies ◽  
State Finance

AbstractThis essay evaluates the political economy of Mexico during the Porfirian period (1876–1911), with the aim of discussing advances in scholarship and presenting an outline of the elements for a future research agenda. To this end, the essay examines the current state of knowledge on four crucial aspects of the Mexican economy: growth and its dimensions; the state, finance and economic strategies; the construction and functioning of the internal market; and the international economic relations of Mexico during the first period of globalisation. In particular, it assesses the arguments that link features of Porfirian economic organisation with the outbreak of the Mexican Revolution in 1910.

scholarly journals Alternative international currencies

2012 ◽  
Vol 57 (194) ◽  
pp. 31-39
Author(s):  
Vladimirovna Rozhentsova
Keyword(s):  
International Monetary System ◽  
International Currency ◽  
The Past ◽  
Monetary System ◽  
International Currencies ◽  
The World ◽  
Circulation Mechanism ◽  
The Creation

The modern international monetary system has a number of flaws and therefore needs cardinal change. Hence, economists from all over the world are suggesting alternative international currencies that would make the international monetary system more efficient. However, it is essential when approaching the creation of a new international currency to analyze and take into account the experience of all the past international currencies. Therefore this paper begins with an exploration of the drawbacks of each of the past and present international currencies. Drawing on this analysis a justification will be made for the necessity of introducing a new international currency, pointing to the requirements it should meet. Further on, this paper proposes an alternative theoretically possible variant of the international currency, with a fixed value relative to a commodity basket. An abstract example is used to demonstrate its composition and circulation mechanism.

Concluding Thoughts

2018 ◽  
Author(s):  
Atish R. Ghosh ◽  
Jonathan D. Ostry ◽  
Mahvash S. Qureshi
Keyword(s):  
Emerging Markets ◽  
International Monetary System ◽  
Policy Makers ◽  
Monetary System ◽  
Trade Offs ◽  
Liquidity Insurance ◽  
Benefit Cost ◽  
Global Monetary System ◽  
Opening Up

This concluding chapter argues that the policy makers' vade mecum laid out in the previous chapter raises broader issues for the global monetary system. Notwithstanding the fact that some of the emerging markets may have liberalized their capital accounts prematurely, it questions whether emerging markets have further to gain from opening up, or indeed whether they would not be better off retaining restrictions on at least the riskiest forms of foreign liabilities and transactions. This is particularly pertinent since most of these countries do not enjoy the liquidity insurance provided by swap facilities let alone the reserve currency status. They are forced to self-insure through reserve accumulation, which is costly both to the country and to the international monetary system. Alternative forms of insurance could arguably yield favorable benefit–cost trade-offs, particularly if they result in a safer mix of flows that makes economies less prone to risks from changes in global push factors.

scholarly journals Political history of Farakka Barrage and its effects on environment in Bangladesh

2016 ◽  
Vol 3 (1) ◽  
pp. 1-14 ◽  
Author(s):  
Mohammad Abul Kawser ◽  
Md. Abdus Samad
Keyword(s):  
Water Governance ◽  
The Political ◽  
Policy Makers ◽  
Health And Wellbeing ◽  
Historical Perspectives ◽  
The Past ◽  
Farakka Barrage ◽  
History Of ◽  
Historical Developments ◽  
The Ganges

Soon after the partition of the subcontinent in 1947, India took initiative to construct a barrage on its side of the Ganges and commissioned it in 1975. In the past few decades, many of the 54 Bangladeshi Rivers that originate in India have either been diverted or dammed upstream, inside India. All of these hydro-developmental initiatives have left a profound impact on Bangladesh as it is at the receiving end of the Himalayan fluvial regime. In particular, Bangladesh’s agriculture, fisheries, and human health and wellbeing are reported to have been significantly affected by the disruption of natural water flow in its rivers. The debate over the water sharing issues between India and Bangladesh dates back as early as their birth but the historical developments of the disputes have never been adequately addressed in settling the issues. This paper analyzes the political developments in Bangladesh and India over Farakka issue from historical perspectives. It also reveals the adverse effects of Farakka Barrage on environment in Bangladesh. The aim is to provide policy makers with the insights into historical developments of disputes centred on Farakka Barrage to contribute towards better water governance.

The IMF Financial Surveillance Strategy

Policy Papers ◽  
2012 ◽  
Vol 2012 (73) ◽  
Author(s):  
Keyword(s):  
Financial Crisis ◽  
Financial Stability ◽  
Global Financial Crisis ◽  
International Monetary System ◽  
Surveillance Strategy ◽  
The Past ◽  
Monetary System ◽  
Effective Operation ◽  
The Imf

This paper outlines strategic priorities for the IMF’s financial surveillance in the coming years. It complements recent discussions on the work agenda in this area. It takes stock of innovations and gaps in financial surveillance by the Fund during the past decade, including in the wake of the current global financial crisis. It proposes concrete and prioritized steps to further strengthen financial surveillance so that the Fund can fulfill its mandate to ensure the effective operation of the international monetary system and support global economic and financial stability.

Sign in / Sign up

Export Citation Format

Share Document