The New Transatlantic Economy

List of figures; List of tables; Preface; List of conference participants; 1. Introduction Matthew B. Canzoneri, Wilfred J. Ethier, and Vittorio Grilli; 2. Transatlantic policy coordination with sticky labour markets: the reality of the real side Andrew Hughes Hallett and Yue Ma; Discussion Nouriel Roubini; 3. Foreign exchange intervention and international policy coordination: comparing the G3 and EMS experience Axel A. Weber; Discussion Joseph Gagnon; 4. Trading blocs and the sustainability of interregional cooperation Eric Bond and Constantinos Syropoulos; Discussion Konstantine Gatsios; 5. The effects of trade liberalization on the members of a trading bloc: a lumpy country analysis Alan V. Deardorff; Discussion L. Alan Winters; 6. The increased importance of direct investment in North Atlantic economic relationships: a convergence hypothesis James R. Markusen and Anthony J. Venables; Discussion Alasdair Smith; 7. Speculative attacks on pegged exchange rates: an empirical exploration with special reference to the European Monetary System Barry Eichengreen, Andrew K. Rose, and Charles Wyplosz; Discussion Robert E. Cumby, Robert P. Flood; 8. Central banks and reputation: some transatlantic contrasts Ben Lockwood, Marcus Miller, and Lei Zhang; Discussion Stanley W. Black; 9. Trade liberalization and trade adjustment assistance K. C. Fung and Robert W. Staiger; Discussion Constantinos Syropoulos; 10. Trade liberalization as politically optimal exchange of market access Arye L. Hillman and Peter Moser; Discussion Martin Richardson; Index.