Currencies and crises

by Paul R. Krugman

This book brings together Paul Krugman's work on international monetary econmics 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.