Monetary Policy, Capital
Flows and Exchange Rates
Essays in Memory of Maxwell Fry
Edited by: William Allen, David Dickenson
Maxwell Fry was known internationally for his research into international and domestic
financial issues. This book constitutes a tribute to his pioneering work in so many areas
and draws together contributions from a range of academic and policy-making colleagues who
were fortunate enough to experience the depth of knowledge and insights which Maxwell
demonstrated.
Contents:
1. William Allen Some Aspects of Inflation Targeting
2. DeAnne Julius Back to the Future of Low Global Inflation
3. Peter Sinclair Does Faster Inflation Raise or Cut the Rate of Growth
4. Charles Goodhart Recent Developments in Central Banking
5. Andrew Crockett Thoughts on the New Financial Architecture
6. Jerry Caprio and Patrick Honohan Reducing the Costs of Bank Crises: Is Basle Enough?
7. Andrew Mullineux A World Without Money and Banking
8. Ronald McKinnon Money and Finance at the Periphery of the International Dollar Standard
9. Menzie Chinn and Jeffrey Frankel Survey Data on Exchange Rate Expectations
10. James Ford and Katherine Hsu Alternative Monetary Targets and Policy Transmission and
Adjustment: the Case of Taiwan
11. Eric Girardin and Nicholas Horsewood New Transmission Mechanism and Instruments of
Monetary Policy at Near Zero Interest Rates: the Case of Japan in the 1990s
12. Chang Shu Real Exchange Rates and Capital Flows
13. David Dickenson Foreign Investment and Macroeconomic Uncertainty
304 pages
