ABSTRACT

ByJamesMeadeandDavidVines.Meadepresentedanearlierversion ofthispapertotheCentreforEconomicPolicyResearchConferenceon 'ExchangeRateRegimes,MoneyGDPTargetsandMacro-economic Policy'inCambridgeon6July1987.Itisincludedheresinceit representsMeade'scurrentviewsonthe'assignmentproblem'inafJ openeconomy.ThisrevisedversionofhispaperwasissuedasCentre forEconomicPolicyResearchDiscussionPaperNo.246,June1988.