The International Monetary System / Edition 1by Peter B. Kenen
Pub. Date: 10/28/1994
Publisher: Cambridge University Press
This book is a collection of essays on the international monetary system written by some of the most authoritative economists and policymakers. All the fundamental components of the international monetary system are critically examined and some suggestions are presented for its probable, or desired, evolution. The emphasis is on the present situation, but the book
This book is a collection of essays on the international monetary system written by some of the most authoritative economists and policymakers. All the fundamental components of the international monetary system are critically examined and some suggestions are presented for its probable, or desired, evolution. The emphasis is on the present situation, but the book provides the necessary background to understand recent episodes of tension in international monetary and financial markets.
- Cambridge University Press
- Publication date:
- Edition description:
- New Edition
- Product dimensions:
- 5.98(w) x 8.98(h) x 0.83(d)
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.
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