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World Trade and Payments Cycles by Richard Cohen (1989, Hardcover) 
World Trade and Payments Cycles by Richard Cohen (1989, Hardcover)

 
World Trade and Payments Cycles by Richard Cohen (1989, Hardcover)

Publisher: Praeger Pub Text
Publication Date: 1989-12-01
Language: English
Format: Hardcover
ISBN-10: 0275932516
ISBN-13: 9780275932510
Product ID: EPID95912
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Details
Publication Date:1989-12-01

Size
Length:322 pages

Publisher's Note
A groundbreaking contribution to the economic literature, this book explores why postwar trade and payments have evolved as they have, the prospects for future evolution, and the range of policy adjustments likely to be required. Through a rigorous examination of historical records, Cohen reveals for the first time the existence of distinct and parallel cycles in world trade and payments and utilizes newly researched data to explore the much-heralded J-curve and its relevance in relating exchange rates to trade balances. The author offers a set of recommendations to reduce such imbalances through a new "Cycle of Adjustment."

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