Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies

by Pan A. Yotopoulos

Book Overview

This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft...

• Format: Paperback
• Language: English
• ISBN: 0521022622
• ISBN13: 9780521022620
• Release Date: November 2005
• Publisher: Cambridge University Press
• Length: 344 Pages
• Weight: 1.11 lbs.
• Dimensions: 0.8" x 6.0" x 9.0"