This book is an outcome of the conference on the linkages between macroeconomics and agricultural trade in 1986. It establishes some of the fundamental influences on the exchange rate. The book develops linkages between the macroeconomy and agriculture using traditional models.
1. An Overview of Exchange Rates and Macroeconomic Effects on Agriculture Part I: Exchange Rates: Some Views from International Finance 2. Explaining the Demand for Dollars: International Rates of Return, and the Expectations of Chartists and Fundamentalists 3. The U.S. Price Level and Dollar Exchange Rate Part II: Macroeconomic-Agricultural Linkages in Traditional Frameworks 4. Inflation and Agriculture: A Monetarist-Structuralist Synthesis 5. Overshooting of Agricultural Prices 6. Exchange Rates and Macroeconomic Externalities in Agriculture 7. U.S. Macroeconomic Policy and Agriculture Part III: Linkages in Developing Countries 8. Some Issues Associated with Exchange Rate Realignments in Developing Countries 9. Financial Constraints to Trade and Growth: Crisis and Aftermath 10. Modeling Exchange Rate and Macroeconomic Linkages to Agriculture: Lessons from a Structuralist Approach