This book is an outcome of the conference on International Finance and Agricultural Trade in San Antonio, in 1988. Events such as the twin budget and trade deficits of US, large swings in the value of the dollar, and the Uruguay round of GATT negotiations spurred the interest of the conference.
1. The Link Between Financial Markets and World Agricultural Trade 2. The Law of One Price: Two Levels of Aggregation 3. Real Exchange Rates in Developing Countries: Concepts and Measurement 4. Empirically Testing the Law of One Price in International Commodity Markets: A Rational Expectations Approach 5. Exchange Rates, Interest Rates, and Agriculture: Macroeconomic View from Down Under 6. Information, Expectations, and Foreign Exchange Market Efficiency 7. Fiscal Policy, Exchange Rates, and World Debt Problems