International monetary issues after the cold war : a conversation among leading economists

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International monetary issues after the cold war : a conversation among leading economists

edited by Randall Hinshaw

Johns Hopkins University Press, c1993

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Papers from a meeting held in Claremont, Calif. in Jan. 1991

Includes indexes

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Description

"International Monetary Issues after the Cold War" takes a look at leading economists engaged in a discussion of current and emerging issues. In this record of the 11th "Bologna-Claremont" conference, 15 leading scholars - including two Nobel laureates - discuss the US recession, the problems created by German unification, the Western European monetary union, regional economic organization, and monetary stability in Eastern Europe. Participants were interntionally selected to represent differing points of view on controversial policy issues, as well as differences of opinion on "how the world works". An edited transcript of the actual discussion, the book captures a lively and good-humored encounter. "All my life Milton has been trying to persuade me that we share the same model", says Paul Samuelson of Milton Friedman. "He may think he's six inches away from me, but I think I'm six feet away from him. Milton and I, when we agree on our policy recommendations, do so for different reasons". Later he adds: "And I hope this goes on for another forty years". Randall Hinshaw is widely known as a specialist in international economics, having served early in his career with the Federal Reserve Board in Washington and with the Marshall Plan in Paris. Twice chairman of the Economics Department at the Claremont Graduate School, he has also taught at Harvard, Amherst, Yale, Oberlin and the John Hopkins University Bologna Center.

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