External Imbalances and Policy Constraints in the 1990s

Reconsiders the current account in the context of integrated world capital markets. The case of the UK receives particular emphasis with financing and competitiveness issues fully appraised.

The role of current account targets in the estimation of FEERs, John Williamson; ERM and EMU - survival, costs and prospects, Patrick Minford et al; the balance of payments and economic policy in Britain, Andrew Britton and Robert Anderton; trade performance and innovatory activity in Britain, Christine Greenhalgh et al; the UK non-oil trade balance and external adjustment, Jitendralal Borkakoti; cross-border savings and capital mobility in the G7 economies, Shelley Cooper; alleviating the LDC transfer burden - the role of debt reduction, Nick Snowden; current account imbalances in Sri Lanka and Taiwan - long-run adjustment mechanisms and policy reaction functions, Maxwell Fry et al; macroeconomic policy and foreign debt in Greece, P. P. Athanasoglou and G. A. Zonbanakis.