WorldCat Identities

Isard, Peter

Overview
Works: 94 works in 494 publications in 2 languages and 7,857 library holdings
Genres: Conference papers and proceedings  History 
Roles: Author, Editor, Other
Publication Timeline
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Most widely held works by Peter Isard
Exchange rate economics by Peter Isard( Book )

24 editions published between 1989 and 2004 in 3 languages and held by 529 WorldCat member libraries worldwide

The book will enlighten both students and policymakers, and should also serve as a valuable reference for many research economists
Exchange-rate determination : a survey of popular views and recent models by Peter Isard( Book )

22 editions published between 1978 and 1996 in English and held by 431 WorldCat member libraries worldwide

Currency convertibility and the transformation of centrally planned economies by Joshua E Greene( Book )

15 editions published between 1991 and 1992 in English and Undetermined and held by 402 WorldCat member libraries worldwide

This paper addresses the main issues relating to currency convertibility, with special regard to the problems of establishing convertibility in countries undergoing the transformation to market-oriented economies
The SDR system and the issue of resource transfers by Warren L Coats( Book )

12 editions published in 1990 in English and held by 385 WorldCat member libraries worldwide

Methodology for current account and exchange rate assessments by Peter Isard( Book )

16 editions published between 2001 and 2002 in English and held by 348 WorldCat member libraries worldwide

Exchange rate assessment : extensions of the macroeconomic balance approach by Peter Isard( Book )

14 editions published between 1998 and 1999 in English and held by 247 WorldCat member libraries worldwide

The IMF's internal analysis of exchange rate issues has been guided by, and limited by, the conceptual and empirical frameworks that have emerged from the collective research of the economics profession. The research has provided several general approaches that are useful for assessing whether countries exchange rates seem broadly appropriate. One involves the calculation of purchasing power-party (PPP) measure or international competitiveness indicators. A second, known as the macroeconomic balance framework, focuses on the extent to which prevailing exchange rates and policies are consistent with simultaneous internal and external equilibrium over the medium run. Some recent extensions of the macroeconomic balance approach and the manner in which it is applied by the IMF staff are described in this paper
International finance and financial crises : essays in honor of Robert P. Flood, Jr. by Peter Isard( Book )

21 editions published between 1999 and 2000 in English and held by 226 WorldCat member libraries worldwide

International Finance and Financial Crises: Essays in Honor of Robert P. Flood, Jr. contains the proceedings of a conference held in honor of Robert P. Flood, Jr. Bob Flood has made important contributions to many areas of economic analysis, including regime switching, speculative attacks, bubbles, stock market volatility, macro models with nominal rigidities, dual exchange rates, target zones, and rules versus discretion in monetary policy. Contributors were invited to address any of the topics or others of their choosing. The results include five papers on topics in international finance; two of these papers, as well as the panel discussion, focus on speculative attacks and financial crises. The other three take new directions in exploring topics in which existing models leave much to be desired
The macroeconomic management of foreign aid : opportunities and pitfalls by Boriana Yontcheva( Book )

7 editions published in 2006 in English and held by 152 WorldCat member libraries worldwide

Since the adoption of the Milennium Development Goals (MDGs) in 2000, the challenge of reducing poverty around the world has been more prominent on the agenda of the international community. Relatively slow progress toward meeting the MDGs by the 2015 target date has added to the urgency of this effort. Two influential reports - The United Nations Millennium Project Report (the "Sachs Report") and the Commission for Africa Report (the "Blair Report") envisage substantial increases in aid flows to poor countries, especially to countries in sub-Saharan Africa. The International community sees increases in aid, along with improvements in recipient policies and freer global trade, as necessary for global prosperity and poverty reduction
The future of the SDR in light of changes in the international financial system by Michael Mussa( Book )

14 editions published between 1995 and 1996 in English and held by 148 WorldCat member libraries worldwide

The papers included in this volume were prepared for the seminar and served as the basis for the authors' presentations. In addition, we have included the remarks made by discussants, along with summaries of the general discussion. Chapter 1 comprises the luncheon address by the Managing Director of the IMF and remarks made by former US Treasury Secretary Henry H. Fowler. Chapter 2 describes the background to the seminar and provides an overview of the main issues and proposals that were discussed by participants. The remaining chapters correspond -- in chronological order -- to the seminar sessions
What's wrong with empirical exchange rate models : some critical issues and new directions by Peter Isard( Book )

7 editions published in 1983 in English and held by 96 WorldCat member libraries worldwide

Exchange rates, country preferences, and gold by Michael P Dooley( Book )

18 editions published in 1992 in English and held by 70 WorldCat member libraries worldwide

This paper provides indirect tests of the hypothesis that exchange rate movements may be largely conterminus with changes in preferences for holding claims on different countries. It is argued that changes in country preferences will be reflected systematically in the price of gold and, hence, that gold price movements, under the maintained hypothesis, should have explanatory power with respect to exchange rate movements over and above the effects of monetary shocks. The paper applies multivariate vector autoregression and cointegration modeling techniques to test for the short- and long-run influence of gold prices on exchange rates conditional on other monetary and real macroeconomic variables, and applies the resulting error correction exchange rate equation to out-of-sample forecasting exercises
Resource allocation during the transition to a market economy : policy implications of supply bottlenecks and adjustment costs by Joshua Aizenman( Book )

20 editions published in 1993 in English and held by 68 WorldCat member libraries worldwide

The paper discusses the case against a laissez faire approach to resource allocation and develops a model of supply bottlenecks. It argues that: (1) once budget constraints are hardened and credit markets begin to function appropriately, externalities associated with production bottlenecks and adjustment costs--other considerations aside--provide a case for subsidizing the costs of critical inputs for the state sector but not the new private sector; (2) the optimal subsidy declines as the private sector grows; and (3) the subsidy should be "financed" by taxing wage income in the state sector, which will strengthen incentives for workers to move
An accounting framework and some issues for modelling how exchange rates respond to the news by Peter Isard( Book )

5 editions published in 1982 in English and held by 66 WorldCat member libraries worldwide

Economic growth and real exchange rate : an overview of the Balassa-Samuelson hypothesis in Asia by Takatoshi Itō( Book )

12 editions published in 1997 in English and held by 66 WorldCat member libraries worldwide

The paper tests the Balassa-Samuelson hypothesis (rapid economic growth is accompanied by real exchange rate appreciation because of differential productivity growth between tradable and nontradable sectors) using data of the APEC economies. Japan, Korea, Taiwan and, to a lesser extent, Hong Kong and Singapore, were proved to follow the Balassa-Samuelson path. These countries follow a similar industrialization pattern, increasing the weight of high value-added exports. Although Hong Kong and Singapore grew fast, their real exchange rates appreciated only moderately. High productivity growth in service sectors might have been the reason for this. Other fast-growing ASEAN countries, such as Thailand, Indonesia and Malaysia did not experience real appreciation. Closer examinations of various components of the Balassa-Samuelson hypothesis revealed that key assumptions are not uniformly supported: There is no uniform pattern for the movement of nontradable prices relative to tradable prices; and tradable prices (measured by common currency) do not show the international arbitrage
Can public discussion enhance program ownership? by Allan Drazen( Book )

17 editions published in 2004 in English and Undetermined and held by 56 WorldCat member libraries worldwide

We use the concepts of deliberative democracy from political science and cheap talk from economics to develop a better understanding of how public discussion can contribute to building and demonstrating ownership of IMF programs and hence to program success. We argue that ownership is more complex than many discussions of it would suggest, since it must include not only the willingness to carry out a program, but also the technical capacity and especially the political ability to do so. Public discussion can serve a number of purposes, each of which can be better understood by moving to a more formal treatment. We illustrate our points by means of simple examples. We also consider some of the drawbacks of public discussion, especially as applied to IMF programs
Externalities, incentives, and economic reforms by Joshua Aizenman( Book )

9 editions published in 1990 in English and held by 36 WorldCat member libraries worldwide

Abstract: strengthen incentives to provide effort. Uncertainty regarding future taxes
Externalities, incentives, and failure to achieve national objectives in decentralized economies by Joshua Aizenman( Book )

9 editions published in 1991 in English and held by 34 WorldCat member libraries worldwide

The purpose of this paper is to study why decentralized economies often fail to achieve national objective in the presence of externalities. The paper employs a two-period, open economy framework in which the central government allocates its tax revenues among a larger number of individual decision makers (e.g., provincial authorities or managers of state enterprises). The central government has only limited monitoring capacity, which gives individual decision makers the opportunity to commit to spend more than the incomes they are officially allocated. Our analysis suggests that adverse macroeconomic shocks reduce the likelihood that decentralized decision makers will behave in a manner that limits spending and inflation to national objectives. This is demonstrated for declines in the current or expected future levels of domestic output, for a rise in foreign interest rates, and for a reduction in the quantity of external credit. We next demonstrate that debt relief can promote a shift in the composition of spending toward the types of productive investments that generate positive externalities. This is not only because debt relief that expands the availability of current resources has positive direct income effects, but also because debt relief can promote a shift from opportunistic behavior to cooperation among individual decision makers
Uncovered interest parity by Peter Isard( Book )

14 editions published between 1991 and 2006 in English and Undetermined and held by 30 WorldCat member libraries worldwide

This note provides an overview of the uncovered interest parity assumption. It traces the history of the interest parity concept, summarizes evidence on the empirical validity of uncovered interest parity, and discusses the implications for macroeconomic analysis. The uncovered interest parity assumption has been an important building block in multiperiod and continuous time models of open economies, and although its validity is strongly challenged by the empirical evidence, its retention in macroeconomic models is supported on pragmatic grounds, at least for the time being, by the lack of much empirical support for existing models of exchange risk premium
Country risk, international lending, and exchange rate determination by Michael P Dooley( Book )

7 editions published in 1983 in English and held by 16 WorldCat member libraries worldwide

The role of the current account in exchange rate determination : a comment on Rodriguez by Michael P Dooley( Book )

6 editions published in 1981 in English and held by 13 WorldCat member libraries worldwide

 
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Exchange rate economics
Alternative Names
アイザルド, ピーター

Languages
English (260)

Japanese (2)

Covers
Currency convertibility and the transformation of centrally planned economiesMethodology for current account and exchange rate assessmentsExchange rate assessment : extensions of the macroeconomic balance approachInternational finance and financial crises : essays in honor of Robert P. Flood, Jr.The macroeconomic management of foreign aid : opportunities and pitfallsThe future of the SDR in light of changes in the international financial system