The International Monetary System
- Editors:
- Peter B. Kenen, Princeton University, New Jersey
- Francesco Papadia
- Fabrizio Saccomanni
- Date Published: December 1994
- availability: Available
- format: Paperback
- isbn: 9780521467292
Paperback
Looking for an inspection copy?
Please email [email protected] to enquire about an inspection copy of this book
-
In the two decades prior to publication of this 1994 book, international monetary relations had been characterised by latent instability, and then by severe tensions. Yet the issue of reforming the international monetary system does not appear on the agenda of the policy makers of the major countries involved. The International Monetary System tries to analyse this apparent contradiction. It brings together contributions from some of the most authoritative academic economists and monetary officials, and examines each of the fundamental functions of the international monetary system. There is broad support for improving present monetary arrangements with the aim of ensuring more stable conditions in monetary and financial markets and of promoting the orderly adjustment of payments disequilibria. For political reasons a fully-fledged reform exercise is unlikely, but very few experts seem to like the status quo. This book provides the reader with a comprehensive account of the institutional and policy changes required to manage an increasingly integrated and interdependent global monetary and financial system.
Read more- An authoritative assessment of the state of the international monetary sytem and the prospects for its reform
- A comprehensive analysis of the causes and possible remedies of international monetary tensions
- New evidence on the effectiveness of central bank intervention in exchange markets
Customer reviews
Not yet reviewed
Be the first to review
Review was not posted due to profanity
×Product details
- Date Published: December 1994
- format: Paperback
- isbn: 9780521467292
- length: 366 pages
- dimensions: 228 x 153 x 20 mm
- weight: 0.54kg
- contains: 26 tables
- availability: Available
Table of Contents
Foreword Carlo A. Ciampi
Introduction Peter B. Kenen, Francesco Papadia and Fabrizio Saccomanni
Part I. Overview of the Issues: Retrospects and Prospects:
1. The international monetary issues of the Bretton Woods era Jacques J. Polak
2. Significant episodes in the evolution of the international monetary system Guido Carli
Discussion Robert Z. Aliber and Fred C. Bergsten
Part II. International Liquidity:
3. The rise and fall of international liquidity John Williamson
Discussion Rainer S. Masera and Robert A. Mundell
4. The role of market and official channels in the supply of international liquidity Andrew Crockett
Discussion Robert D. Hormats and Stefano Micossi
5. High world interest rates: shortage of saving or liquidity? William H. Branson
Discussion Marcello de Cecco and Alexandre Swoboda
Part III. Exchange Rates:
6. Floating exchange rates reconsidered: the influence of new ideas, priorities and problems Peter B. Kenen
Discussion Giancarlo Gandolfo and Ronald McKinnon
7. The credibility of adjustable parities: the experience of the European Monetary System Zhaohui Chen and Alberto Giovannini
Discussion Luigi Spaventa and Niels Thygesen
8. Concerted interventions and the dollar: an analysis of daily data Pietro Catte, Giampaolo Galli and Salvatore Rebecchini
Discussion Giorgio Basevi, Jeffrey A. Frankel and Edwin M. Truman
Part IV. The Framework for International Economic Policy:
9. Economic performance under alternative exchange rate regimes: some historical evidence Tamim Bayoumi and Barry Eichengreen
10. Improving economic policy coordination: evaluating some new and some not-so-new proposals Morris Goldstein
Discussion Richard N. Cooper, Lamberto Dini, Leonhard Gleske, Toyoo Gyohten and Jacques de Larosière.
Related Books
Sorry, this resource is locked
Please register or sign in to request access. If you are having problems accessing these resources please email [email protected]
Register Sign in» Proceed
You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.
Continue ×Are you sure you want to delete your account?
This cannot be undone.
Thank you for your feedback which will help us improve our service.
If you requested a response, we will make sure to get back to you shortly.
×