New Institutional Arrangements for the World Economy

ISBN-13: 9783642836497 / Angielski / Miękka / 2011 / 482 str.

Hans-J Rgen Vosgerau

Opis

New Institutional Arrangements for the World Economy Hans-Jiirgen Vosgerau, Konstanz I. The Problem During the first days of July 1987 the newly established Sonderforschungs bereich 178 "Internationalisierung der Wirtschaft" held its first symposium in Konstanz/Bodensee. "New Institutional Arrangements for the World Economy" were discussed by a group of economists and lawyers working in the fields of interna tional trade, international monetary economics, international finance, international public choice, and international economic law. Cooperation between these areas of research is an important condition for attaining the long-term aim of the Sonderforschungsbereich, viz. analysis of the complex interdependencies between international economic transactions of various kinds and international economy related institutions in a broad sense. The nature of these interdependencies seems to be crucial for the world economy's further development. A better understanding of their characteristics will be helpful for the solution of most imminent international economic problems. Four problem areas were especially addressed during the conference, each con sisting of three or four contributions. The revised papers are presented in this volume, each followed by a comment of the invited discussant, or by a summary of the discussion. The last contribution is meant as a summary conclusion and has no comment. The four problem areas discussed were: (1) Exchange rate stabilization and econ omic policy coordination, (2) International financial markets and their regulation, (3) Protectionism and the Uruguay GAIT-round, and (4) The institutional frame work for international production."

Spis treści

New Institutional Arrangements for the World Economy.- I. Exchange Rate Stabilization.- 1. A Public Choice Analysis of Strategies for Restoring International Economic Stability.- Comments.- 2. Implications of Alternative International Exchange Rate Arrangements for the Developing Countries.- Comments.- 3. The European Monetary System: A Regional Bretton Woods or an Institutional Innovation?.- Comments.- II. International Financial Markets.- 4. Domestic Bank Regulation in a World of International Banking.- Comments.- 5. The Internationalization of Financial Markets and the Regulatory Response.- Comments.- 6. Economic Analysis of Debt-Equity Swaps.- Comments.- 7. Competitive Performance, Regulation and Trade in Banking Services.- Comments.- III. Protectionism and the Uruguay Gatt Round.- 8. Does The World Need a GATT for Services?.- Comments.- 9. Policy Motives and International Trade Restrictions.- Comments.- 10. Protectionist Rules and Internationalist Discretion in the Making of National Trade Policy.- Comments.- IV. Institutional Arrangements for International Production.- 11. Institutional Arrangements for Natural Resources.- Summary of the Discussion.- 12. Property Rights in Information and the Multinational Firm: The Case of Technical Learning in a Multiplant System.- Comments.- 13. New Institutional Arrangements in International Economic Law: The Working of Codes of Conduct.- Comments.- 14. Competing Institutional Arrangements and Internationalization.- Participants.