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International monetary arrangements for the 21st century

Author: Barry J Eichengreen
Publisher: Washington, D.C. : Brookings Institution, ©1994.
Series: Integrating national economies.
Edition/Format:   Book : EnglishView all editions and formats
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  Read more...
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Additional Physical Format: Online version:
Eichengreen, Barry J.
International monetary arrangements for the 21st century.
Washington, D.C. : Brookings Institution, c1994
(OCoLC)647104225
Document Type: Book
All Authors / Contributors: Barry J Eichengreen
ISBN: 0815722761 9780815722762 0815722753 9780815722755
OCLC Number: 31014970
Description: xxviii, 171 p. : ill. ; 24 cm.
Series Title: Integrating national economies.
Responsibility: Barry Eichengreen.

Abstract:

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.

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