International monetary arrangements for the 21st century / Barry Eichengreen.

Format:

• Book

Author/Creator:

• Eichengreen, Barry J.

Series:

• Integrating national economies

Language:

English

Subjects (All):

• Foreign exchange--Government policy.
• Monetary policy.
• International finance.
• Foreign exchange.

Physical Description:

xxviii, 171 pages : illustrations ; 24 cm.

Place of Publication:

Washington, D.C. : Brookings Institution, [1994]

Summary:

Recent events have reignited the debate over the future of the international monetary system. This book, part of the Integrating National Economies series, examines international monetary options for the twenty-first century. Barry Eichengreen argues that it will not be possible for governments to prevent exchange rate movements from exceeding prespecified limits. Changes in technology, market structure, and politics will force countries that have traditionally pegged their exchange rates to choose between floating rates and monetary unification. Eichengreen describes the various international monetary arrangements with which policymakers have experimented in the past. He introduces the requirements that an international monetary system must satisfy and illustrates how these requirements have been met over time. He analyzes which preconditions for the smooth operation of international monetary systems in the past will be impossible to achieve in the next century and creates a list of feasible options for future policymakers.

Notes:

Includes bibliographical references (pages 151-162) and index.

ISBN:

• 0815722761
• 0815722753

OCLC:

31014970