Economic Policy, Exchange Rates, and the International System

In this account of exchange rates in the international monetary system, W. Max Corden considers the essential issues in international macroeconomics. This book is a well-written and lucid analysis of economic policy and open-economy maacroeconomic mechanisms. The author provides an authoritative and truly global description of the present monetary non-system, and presents a critical appraisal of the prospects for monetary union in Europe.