The International Trade and Monetary System

R. J. Ball
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R. J. Ball: London Business School

Chapter 6 in Money and Employment, 1982, pp 148-179 from Palgrave Macmillan

Abstract: Abstract The economic and financial interdependence of countries has never been greater than it is today. Since the Second World War there has been a remarkable rise in the ratio of traded to non-traded goods. The growth and widespread operations of transnational businesses have blurred the distinction between exports and domestic production so that many manufactured goods have assumed the nature of commodities, derived from multiple sources and traded in the generality of world markets. Trade liberalisation and the progressive freeing of restrictions on the movement of capital have played a key role in increasing interdependence, accompanied by the rapid advance in communications and an explosion in international travel.

Keywords: Exchange Rate; Monetary Policy; Exchange Rate Regime; Foreign Exchange Market; Flexible Exchange Rate (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16695-4_6

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DOI: 10.1007/978-1-349-16695-4_6

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