For 50 years, the International Finance Section at Princeton University has encouraged and published work in international finance. This volume, a semicentennial celebration of the Section's essays in international finance, is comprised of 12 essays.

chapter 1|24 pages

Conditions of International Monetary Equilibrium

ByRagnar Nurkse

chapter 2|24 pages

Balance-of-Payments Deficits and the International Market for Liquidity

ByCharles P. Kindleberger

chapter 3|21 pages

The Crawling Peg

ByJohn Williamson

chapter 4|21 pages

Toward Assessing the Need for International Reserves

ByJ. Marcus Fleming

chapter 5|41 pages

The Euro-Dollar Market: An Interpretation

ByAlexander K. Swoboda

chapter 7|29 pages

Currency Devaluation in Developing Countries

ByRichard N. Cooper

chapter 9|34 pages

On Being Grandmotherly: The Evolution of IMF Conditionality

BySidney Dell

chapter 10|41 pages

Six Possible Meanings of "Overvaluation": The 1981-85 Dollar

ByJeffrey A. Frankel

chapter 11|36 pages

Disaster Myopia in International Banking

ByJack M. Guttentag, Richard J. Herring

chapter 12|24 pages

Inflation, Exchange Rates, and Stabilization

ByRudiger Dornbusch