Currencies and Crises |  | Author: Paul Krugman
Publisher: The MIT Press
Category: Book
List Price: $23.00
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Rating:  2 reviews
Sales Rank: 501224
Media: Paperback
Pages: 240
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 5.9 x 0.5
ISBN: 0262611090
Dewey Decimal Number: 330
EAN: 9780262611091
ASIN: 0262611090
Publication Date: February 23, 1995
Availability: Usually ships in 1-2 business days
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Product Description
"The papers included in this collection reveal the breadth of Krugman's work in international monetary economics. . . . [This] is a book that anyone interested in international monetary economics can refer to repeatedly in the course of his or her career. As such, it ought not to gather dust on any bookshelf." -- Andreas Savides, The Journal of Economics Currencies and Crises brings together Paul Krugman's work on international monetary economics from the late 1970s to the present, in an effort to make sense of a turbulent period that, in Krugman's words, "involved one surprise after another, most of them unpleasant." The eleven essays cover such key areas as the role of exchange rates in balance-of-payments adjustment policy, the role of speculation in the functioning of exchange-rate regimes, third world debt, and the construction of an international monetary system.
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| Customer Reviews:
 Still Revelant to Modern Debate May 10, 2010
Rufus Burgess (Upstate, NY)
Paul Krugman's "Currency and Crises" is a collection of 11 academic essays on international monetary economics written between the late 1970's and 1980's. The four sections include; 1) Exchange Rates and the Balance of Payments, 2) Speculation and Exchange Rates, 3) The Debt Crisis and Its Aftermath, and 4) The International Monetary System. Each essay is particularly focused on theory rather than empirical analysis.
While in some ways his essays seem dated they mostly stand the test of time. While his emphasis on Japan turned out to be misplaced it is now relevant for China (See Essay #2). At the time Krugman was very concerned with drastically increasing fiscal deficits. It turns out his advice is still pertinent as the 2000's saw an even greater explosion of debt when the economy was at potential (and crowding out as a result). His models on currency speculation, debt forgiveness, and the problems of monetary union all have come to be standard economics.
It is somewhat surprising how conservative his "International Economics: Theory and Policy" is compared to his academic essays. By first reading his textbook I expected him to be far more middle-the-road then his essays suggest. His essays have clear policy recommendations and in some essays, like international debt relief, are quite controversial for the time (but proved correct in hindsight).
"Currency and Crises" is a great collection of essays for anyone who wishes to know more about the theory behind international monetary economics.
 Currency Management- Very important for corporations June 27, 2000
7 out of 60 found this review helpful
Paul is one of the famous personalities in the world of finance. Any person who has not heard of him has got no right to be in the field of finance. For most of the Fortune 500 corporation in US, about 70-80% of revenues is coming from abroad(read foreign currency). By reading this book one gets a real perspective on the latest things happening in the field of foreign currency.
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