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The case against floating exchanges.

Author: Paul Einzig
Publisher: London, Macmillan, 1970.
Edition/Format:   Print book : EnglishView all editions and formats
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Additional Physical Format: Online version:
Einzig, Paul, 1897-1973.
Case against floating exchanges.
London, Macmillan, 1970
(OCoLC)551396345
Document Type: Book
All Authors / Contributors: Paul Einzig
ISBN: 0333100441 9780333100448
OCLC Number: 101235
Description: xi, 211 pages 23 cm
Contents: Introductory --
Why stability is unpopular --
Democracy tempered by inflation --
Past experience in flexibility --
Why economists favour floating rates --
The equilibrium rate myth --
The trade equilibrium level --
Balancing and unbalancing capital movements --
Speculation deviations --
The dynamism of arbitrage --
Self-aggravating movements of floating rates --
Trying to win the last peace? --
Floating into world slump --
Floating rates between currency areas --
Instability tempered by intervention --
Managed flexibility --
Broadening the band --
The undynamic crawling peg ; Improving the existing system ; Doing the right thing the wrong way --
Appendix: Why are U.K. firms forbidden to hedge?

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