International monetary arrangements for the 21st century
Author(s)
Bibliographic Information
International monetary arrangements for the 21st century
（Integrating national economies）
Brookings Institution, c1994
- : hbk
- : pbk
Available at / 72 libraries
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Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
: hbk332.45-453s081000090025*
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: hbk1-2-18442s011009412073*,
1-2-18608011009504873 -
Tokyo University of Foreign Studies Library
: hbkK/338/5728910000572891,
: pbkK/338/2360000120832 -
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Note
Bibliography: p. 151-162
Includes index
Description and Table of Contents
- Volume
-
: pbk ISBN 9780815722755
Description
This work is part of the Integrating National Economies series. As global markets for goods, services and financial assets have become increasingly integrated, national governments no longer have as much control over economic markets. With the completion of the Uruguay Round of the GATT talks, the world economy has entered a fresh phase requiring different rules and different levels of international cooperation. Policies once thought to be entirely domestic and appropriately determined by national political institutions, are now subject to international constraints. Cogent analysis of this deeper integration of the world economy, and guidelines for government policies, are urgent priorities. This series aims to meet these needs over a range of 21 books by some of the world's leading economists, political scientists, foreign policy specialists and government officials. All the books in the series are offered at the same price: #22.50 for hardbacks and #8.50 for paperbacks.
- Volume
-
: hbk ISBN 9780815722762
Description
Recent events have reignited the debate over the future of the international monetary system. This book, part of the Integrating National Economic series, examines international monetary options of the twenty-first century. Barry Eichengreen argues that it will not be possible for governments to prevent exchange rates 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.
These feasible options, he concludes, will be limited to some form of floating exchange rates and monetary unions. In which direction countries should move is not obvious. The choice between floating and monetary unification depends on a host of economic and political factors. The book provides an in-depth analysis of Western Europe's experience and the dramatic international monetary initiatives currently under way, and compares options for Asia, Africa, the former Soviet Union, and the Western Hemisphere.
A volume of Brookings' Integrating National Economies Series
by "Nielsen BookData"
