The International Monetary System
Published on 13. October 1994
Book
Paperback/Softback
366 pages
978-0-521-46729-2 (ISBN)
Description
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.
More details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Product notice
Paperback (trade)
Illustrations
26 Tables, unspecified
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 22 mm
Weight
594 gr
ISBN-13
978-0-521-46729-2 (9780521467292)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Peter B. Kenen | Francesco Papadia | Fabrizio Saccomanni
The International Monetary System
Book
10/1994
Cambridge University Press
€61.90
Article exhausted; check for reprint
Previous edition
Peter B. Kenen | Francesco Papadia | Fabrizio Saccomanni
The International Monetary System
Book
10/1994
Cambridge University Press
€61.90
Article exhausted; check for reprint
Persons
Content
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 Larosiere.