Studies on macroeconomic adjustment in open-economies
Zervoyianni, Athina (1989) Studies on macroeconomic adjustment in open-economies. PhD thesis, University of Warwick.
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Official URL: http://webcat.warwick.ac.uk/record=b1455837~S15
This thesis attempts to focus on several 'unresolved' issues that exist in the field of open-economy macroeconomics. 41 Chapter 2 examines the implications of1currency substitution, (CS) for the behaviour of a small open economy, subsequent to an unanticipated contraction in the domestic money supply. Chapter 3 concentrates on the role of CS, capital mobility and price stickiness in the international transmission of disturbances. Chapter 4 explores how the degree of openness of national economies might influence the relationships among exchange rates, price levels, interest rates and international balances of payment. Chapter 5 examines the relative effectiveness of various simple policy rules for economic stabilization, under alternative assumptions about the degree of openness of individual economies. In Chapter 6 we study the behaviour of a semi-small open economy subsequent to (unanticipated) increases in foreign interest rates, using a model in which some of the key characteristics of the major debtor countries are incorporated. In Chapter 7 we analyse the effects of exogenous financial disturbances on the economy of a debtor country, under alternative assumptions about the nature of its external debt. Chapter 1 attempts to provide a "background' for the analysis in the remainder of the thesis, by discussing some of the developments in the theoretical literature and in the world economy that have motivated our study.
|Item Type:||Thesis or Dissertation (PhD)|
|Subjects:||H Social Sciences > HB Economic Theory|
|Library of Congress Subject Headings (LCSH):||Macroeconomics, Currency substitution, Economic stabilization|
|Institution:||University of Warwick|
|Theses Department:||School of Industrial and Business Studies|
|Supervisor(s)/Advisor:||Miller, Marcus, 1941-|
|Sponsors:||Greek State Scholarship Foundation|
|Extent:||, 275 leaves|
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