© 1992

Global Disequilibrium in the World Economy

  • Mario Baldassarri
  • John McCallum
  • Robert Mundell

Table of contents

  1. Front Matter
    Pages i-3
  2. Introduction

    1. Catherine Liston, John McCallum
      Pages 5-22
  3. Overview Papers

    1. Front Matter
      Pages 23-23
    2. Robert A. Mundell
      Pages 57-77
    3. Phillip Cagan
      Pages 107-122
  4. Trade Balance, Stock Markets and Foreign Exchange Rates

    1. Front Matter
      Pages 123-123
    2. John S. Chipman
      Pages 125-156
  5. The European Monetary and Commercial Area

    1. Front Matter
      Pages 183-183
    2. Herbert Giersch
      Pages 185-197
    3. Marcello de Cecco
      Pages 199-212
    4. Norbert Walter
      Pages 213-224
    5. Gerard Curzon
      Pages 225-239
  6. Third World Debt

    1. Front Matter
      Pages 241-241
    2. Harold Lord Lever
      Pages 243-254
  7. The Reform of the International Monetary System

    1. Front Matter
      Pages 255-255

About this book


The US twin deficit, Western European economic integration, Eastern Europe's transition towards a market economy, the debt burden of the Less Developed Countries, the growing and deepening discrimination against the rest of the world by new homogeneous areas such as the North America free trade area, the new Europe, and Japan are the issues at the heart of global disequilibrium in the world economy. This book brings together leading economists to analyse these issues and further the debate on the need for sound economic policies to avoid a crash on a global scale.


Eastern Europe economic integration employment equilibrium exchange rates integration Japan monetarism

Editors and affiliations

  • Mario Baldassarri
    • 1
  • John McCallum
    • 2
  • Robert Mundell
    • 3
  1. 1.University of Rome, ‘La Sapienza’Italy
  2. 2.McGill UniversityMontealCanada
  3. 3.Columbia UniversityNew YorkUSA

Bibliographic information

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