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9780521178426

Economic Policy in the International Economy: Essays in Honor of Assaf Razin

by
  • ISBN13:

    9780521178426

  • ISBN10:

    0521178428

  • Edition: 1st
  • Format: Paperback
  • Copyright: 2011-03-03
  • Publisher: Cambridge University Press

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Summary

Originally published in 2003, this book contains fifteen major essays on international economics. The authors investigate five principal themes: theory, and empirics, of financial issues in open economies; economic growth; public economies; and political economy. Written to honor Professor Assaf Razin of Tel Aviv and Cornell Universities on the occasion of his sixtieth birthday, the essays pay close attention to policy issues as well as formal analysis. The contributors include renowned specialists in international economics based in North America, Europe, Israel, and China. This volume of avanced research will be of interest to scholars, policy makers, and advanced students alike.

Table of Contents

Financial Issues in Open Economies: Theory
Crises: the next generation?
Solutions to the 'devaluation bias': some preventive measures to defend fixed exchange rates against self-fulfilling attacks
Growth enhancing effects of bailout guarantees
Risk and exchange rates
Financial Issues in Open Economies: Empirics
Economic integration, industrial specialization, and the asymmetry of macroeconomic fluctuations
Uncovered interest parity in crisis: the interest rate defense in the 1990s
When does capital account liberalization help more than it hurts?
Sources of inflation in developing countries
Economic Growth: Theory and Empirics
Growth effects and the cost of business cycles
Explaining economic growth
Public Economies
Simulating fundamental tax reform in the United States
The international macroeconomics of taxation and the case against European tax harmonization
Home bias in portfolios and taxation of asset income
Social dumping in the transformation process
Political Economy
Do political institutions shape economic policy?
Table of Contents provided by Publisher. All Rights Reserved.

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