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...

This book deals with a broad range of problems in international economics. The book analyses economic problems in stabilisation policy, exchange rate regimes and international trade policy and taxation. It contains a comprehensive analysis of important problems in international economics in the 1980s and 1990s. The first part of the book deals with anti-inflation policies in open economies, where exchange rate regimes play a crucial role. The monetary analysis is combined in the second part with a discussion on recent advances in real trade theory and its applications. The volume is a result...