The International Adjustment Process

A Opening Addresses.- I Introduction.- II The Role of Financial Markets in the Adjustment Process: the Finnish Experience.- III The International Adjustment Process.- IV Problems of Adjustment in Developing Countries.- B Current and Potential Balance of Payments Adjustment Problems.- V External Adjustment in Small Open Economies — Some Recent Experience.- VI Balance of Payments Adjustment Processes in Japan.- VII US External Adjustment in Response to the Lower Dollar: the J-Curve.- VIII Balance of Payments Adjustment Problems — the Case of West Germany.- C The Modus Operandi of The Process of Adjustment.- IX Current and Prospective Balance of Payments Problems.- X Policy Design in the Face of a Terms of Trade Shock.- XI Financial Interdependence and External Adjustment: Some Problems Posed by US Federal Government Indebtedness.- XII Mode Opératoire D’ajustement et Marchés Spéculatifs — Premiers Enseignements de la Crise Financière Récente.- D Adjustment Policies.- XIII Exchange Rate Target Zones, the Louvre Accord and Policy Coordination.- XIV Reflections on World Economic Imbalances.- XV The International Economic Adjustment Mechanisms and the Coordination of Economic Policies.- XVI Recent Experience of International Monetary Policy Cooperation.- XVII The International Monetary System: Recent Developments and Key Issues.- E Special Problems of Adjustment in Developing Countries.- XVIII Special Problems of Adjustment in Developing Countries.- XIX Private Capital Flows and Developing Country Adjustment: Some Lessons of the Debt Crisis.- XX The Exchange Rate in the Adjustment Process of Less Developed Countries — a Multifarious Role.- XXI Foreign Lending Revisited 1880—1980.- F Concluding Address.- XXII Issues in International Economic Management.