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Unstable exchange rates and trade policy

An impetus for reforming GATT?

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  • GATT
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Intereconomics

Abstract

Floating exchange rates affect two basic principles of GATT, namely: stability of trade policy conditions and reciprocity of trade concessions. What is the relevance of the changes to foreign trade? What possibilities for surmounting the new problems exist in the realm of external economic relations?

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References

  1. Cf. Olivier Long: Prospects for World Trade and International Trade Policy, in: Außenwirtschaft, June 1976, pp. 155 and 162.

  2. Cf. H. Mayrzedt: Multilaterale Wirtschaftsdiplomatle zwischen westllichen industreestaaten als instrument zur Stärkung der mulltlateralen und liberalen Handelspolitik (Multillateral economic diplomacy between western industrialized states as an instrument for the strengthening of multilateral and liberal trade policy), Veroffentllchungen der Hochschule St. Gallen für Wirtschafts-und Sozialwissenschafter, Schriftenreihe Volkswirtschaft. Vol. 4, Beme 1979, chs. 10 and 11.

  3. Cf. G. and V. Curzon: The Management of Trade Relations in the GATT, in: A. Shonfield (ed.): International Economic Relations of the Western World 1959–1971, Vol. 1, Oxford 1976, p. 156 ff.

  4. Cf. G. Haberler, with the cooperation of St. Verosta: Liberale und planwirtschaftliche Handelspolitik (Liberal and economicplanning trade policy), Berlin 1934, p. 3.

  5. Cf. R. Blackhurst, N. Marian, J. Tumlir: Trade Liberalization Protectionism and Interdependence. GATT Studies in International Trace, No. 5. GATT, Geneva 1977, p. 9.

  6. Cf. B. Nowzad: Fluctuating exchange rates and world trade, in: Finance and Development. December 1976, p. 35. F. Roessler: The rationale of reciprocity in trade negotiations under fluctuating durrencies, in. Kykes, Vol. 31, 1978, Fasc. 2, p. 261 f

  7. Cf. F. Roessler. ibid The rationale for reciprocity in trade negotiations under fluctuating durrencies, in: Kykos, Vol. 31, 1978, Fasc. 2, p. 261 f

  8. Declaration of Ministers Approved at Tokyo on 14 September 1973 Reprinted in: GATT, Basic Instruments and Selected Documents (BISD), 20th Supplement, pp. 19–22

  9. Cf. R. Nowzad. op.cit., Fluctuating exchange rates and world trade, in: Finance and Development, December 1976, p. 35. F. Roessler: p. 34

  10. Cf. B. Nowzad, ibid, Fluctuating exchange rates and world trade, in: Finance and Development, December 1976, p. 35: F. Rosssler: p. 35

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Authors and Affiliations

  1. St. Gailen

    Hans Mayrzedt

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  1. Hans Mayrzedt
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Schweizerisches Institut für Außenwirtschafts, Struktur- und Marktforschung an der Hochschule St. Galler für, Wirtschafts- und Sozialwissenschaften.

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Mayrzedt, H. Unstable exchange rates and trade policy. Intereconomics 14, 226–229 (1979). https://doi.org/10.1007/BF02924565

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  • DOI: https://doi.org/10.1007/BF02924565

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