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The International Monetary System : Developments and Prospects / Morris Goldstein, Jacob A. Frenkel, National Bureau of Economic Research.
- Format:
- Book
- Author/Creator:
- Goldstein, Morris, 1944- author.
- Jacob A. Frenkel, author.
- National Bureau of Economic Research, author.
- Series:
- Working paper series (National Bureau of Economic Research) ; number 2648.
- Working paper series (National Bureau of Economic Research) ; number 2648
- Language:
- English
- Subjects (All):
- Foreign exchange.
- International finance.
- Monetary policy.
- Fiscal policy.
- Coinage, International.
- Physical Description:
- 1 online resource (31 pages) : illustrations.
- Place of Publication:
- Cambridge, Massachusetts : National Bureau of Economic Research, 1988.
- Summary:
- This paper addresses several fundamental issues raised by recent developments in the world economy and considers their implications for the design and functioning of the international monetary system. We do not make any proposals. The four issues examined in the paper are: (1) Can the exchange rate regime do much to discipline fiscal policy?; (2) What are the extent and costs of reduced monetary independence under greater fixity of exchange rates?; (3) How can the equilibrium exchange rate best be determined?; (4) Does a well functioning international monetary system require a clearly defined set of rules, an acknowledged leader, and an explicit anchor?.
- Notes:
- Description based on publisher supplied metadata and other sources.
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