The Rules of the Game or Wireless and Mobile Network Architectures

The Rules of the Game: International Money and Exchange Rates

Author: Ronald I I McKinnon

Generalized financial volatility is capitalism's Achilles' heel. And nowhere is the problem of controlling such volatility more acute than in monetary and exchange-rate relationships across countries - the central theme of this book.

The Rules of the Game brings together essays, written over the course of thirty years, by a major figure in the field that analyze and compare a wide variety of important international monetary regimes. These range from the establishment of the gold standard in the nineteenth century through Bretton Woods, the dollar standard, floating exchange rates, the European Monetary System, to current proposals for reforming world monetary arrangements.

The essays are unique in that they specify precisely the rules of the game for each international monetary regime - past, present, and future. For ease of reference, the book offers boxed summaries of each set of rules and then discusses their advantages and disadvantages from the gold standard down to the author's proposal for a common monetary standard for the twenty-first century.

Part I assesses each monetary regime's success in stabilizing prices and exchange rates, while fostering international trade. Part II addresses a central question each country faces: what are the benefits of giving up exchange-rate flexibility to join a common monetary standard? Part III focuses on overall monetary reform for limiting financial volatility and exchange-rate crises in the next century - including whether or not Western Europe should adopt a common currency. The last chapter synthesizes and updates the author's previous writings on rationalizing monetary arrangements among the majorindustrial countries of North America, Western Europe, and East Asia.

Table of Contents:

	Preface
1	Introduction	1
2	The Rules of the Game: International Money in Historical Perspective	23
3	Exchange Risk and Interest Rate Volatility in Historical Perspective	91
4	An International Gold Standard without Gold	111
5	Private and Official International Money: The Case for the Dollar, 1969	137
6	Sterilization in Three Dimensions: Major Trading Countries, Eurocurrencies, and the United States	161
7	Currency Substitution and Instability in the World Dollar Standard	179
8	Why U.S. Monetary Policy Should Be Internationalized	205
9	Money Supply versus Exchange-Rate Targeting: An Asymmetry between the United States and Other Industrial Economies	217
10	Optimum Currency Areas	239
11	Optimum World Monetary Arrangements and the Dual-Currency System	253
12	Floating Foreign-Exchange Rates, 1973-74: The Emperor's New Clothes	271
13	The Exchange Rate and Macroeconomic Policy: Changing Postwar Perceptions	291
14	Exchange-Rate Instability, Trade Imbalances, and Monetary Policies in Japan and the United States	335
15	Monetary Control and the Crawling Peg	349
16	Two Concepts of International Currency Substitution	367
17	Why Floating Exchange Rates Fail: A Reconsideration of the Liquidity Trap	387
18	Floating Exchange Rates and the New Interbloc Protectionism: Tariffs versus Quotas	411
19	A Common Monetary Standard or a Common Currency for Europe? Fiscal Lessons from the United States	437
20	Monetary and Exchange-Rate Policies for International Financial Stability: A Proposal	465
21	The Monetary Road to Postwar Prosperity: Marshall-Dodge or Bretton Woods?	489
22	From Plaza-Louvre to a Common Monetary Standard for the Twenty-First Century	495
	Appendix: McKinnon's Handy Reference Guide to the Rules of the Game	527
	Index	537

See also: Come on over or Roast It Good Housekeeping Favorite Recipes

Wireless and Mobile Network Architectures

Author: Yi Bing Lin

A comprehensive guide to building wireless and mobile networks and services. Based on advanced wireless and mobile network architectures, Personal Communication Services (PCS) offers the enterprise freedom of communication through mobility. This book gives network engineers and managers a window on the world of wireless and mobile networks, from the enabling technologies and protocols to creating and managing mobile services. Lin and Chlamtac use a unique sustained example approach to teach you how PCS concepts apply to real network operation. For example, they use location update to illustrate concepts in chapters on network signaling,
- Mobility management for different systems
- Wireless Application Protocol Network signaling for IS-41-based systems, PACS, and GSM
- Roaming procedures and international roaming
- Operational management
- VoIP service for mobile networks
- Mobile number portability
- GPRS
- Third generation (3G) mobile systems
- Wireless enterprise networks
- Wireless Local Loop
- And much more

Booknews

This guide for creating a mobile services network will be useful to radio and software experts as well as undergraduate seniors and graduate students. Lin (computer science and information engineering, National Chiao Tung U.,Taiwan) and Chlamtac (telecommunications, U. of Texas) describe various PCS systems, mobility and handoff management, network signaling, intersystem handoff and authentication, ACS network signaling, GSM systems, networks and mobility management, mobile number portability, and VoIP Service for mobile networks. Annotation c. Book News, Inc., Portland, OR (booknews.com)