The International Monetary System In The Very Long Run PDF Download
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Author | : Barry J. Eichengreen |
Publisher | : International Monetary Fund |
Total Pages | : 62 |
Release | : 2000-03 |
Genre | : Business & Economics |
ISBN | : |
Download The International Monetary System in the (Very) Long Run Book in PDF, ePub and Kindle
This paper takes stock of the evolution of the international monetary system over the last thousand years. Several points stand out from the analysis. One is the reluctance of governments to embrace radical changes in international monetary relations. Another is the conflict between external and domestic objectives over the cycle, which has been a source of significant tension in the industrial core through much of this century, is now becoming a significant issue for developing countries. Finally, recent developments represent a return to the more market-driven international monetary system that characterized the better part of the preceeding millennium.
Author | : Mr.Jacob A. Frenkel |
Publisher | : International Monetary Fund |
Total Pages | : 508 |
Release | : 1996-04-24 |
Genre | : Business & Economics |
ISBN | : 9781557755544 |
Download Functioning of the International Monetary System Book in PDF, ePub and Kindle
The fiftieth anniversary of the Bretton Woods Conference served as an opportunity to reappraise the desirability of strengthening the IMF's oversight of the functioning of the international monetary system. Whatever the design of an exchange rate system and the arrangements for the provision of international liquidity, it is widely accepted that to be effective such oversight must rest on a strong analytic foundation. These two volumes, edited by Jacob A. Frenkel and Morris Goldstein, present 30 analytic papers on the system as it functioned during 1987-91 and aim at conveying the flavor of those issues that commanded close attention in the Fund's research program.
Author | : Robert Triffin |
Publisher | : |
Total Pages | : 104 |
Release | : 1964 |
Genre | : Business & Economics |
ISBN | : |
Download The Evolution of the International Monetary System Book in PDF, ePub and Kindle
Author | : Robert J. Carbaugh |
Publisher | : Lawrence : University Press of Kansas |
Total Pages | : 184 |
Release | : 1976 |
Genre | : Business & Economics |
ISBN | : |
Download The International Monetary System Book in PDF, ePub and Kindle
International monetary reform is of vital importance to the countries of the world. Although many studies have been made of the structure and problems of the international payment mechanism, few provide an analytical survey of the international monetary system. This study analyzes the structural and operational limitations of past systems as well as the major reform proposals for modifying and/or replacing the current system with a new payment mechanism. The authors describe the structure and nature of the international payment system and identify the issues relating to international adjustment, liquidity, and confidence. They discuss the nature of international liquidity, including liquidity's purpose, sources of demand and supply, and potential shortcomings. They analyze the theoretical and empirical implications of the gold standard. Of primary concern is the extent to which the actual operations of the system corresponded to the theoretical role of the gold standard, and the nature and limitations of the so-called dollar-gold system that prevailed in the past quarter century until 1971. The major reform proposals of the international payment mechanism are next discussed. Included are the proposals of historical interest such as Keynes, Triffin, Bernstein, Stamp, Angell, Rueff, and the currently debated issues of the Special Drawing Rights standard, freely floating exchange rates, and the wider-band and crawling-pegged exchange rate mechanisms. Finally the authors analyze the nature, operation, and future role of the managed float exchange rate system, which resulted from the international monetary crisis of 1973. Of particular interest are the effects of the Organization of Petroleum Exporting Countries' (OPEC) cartel on the U.S. dollar as a reserve currency, and the monetary effects of the cartel's balance-of-payments surplus on the world financial markets. This study provides the historical background, the institutional framework, and a balanced analysis of problems involved in the international monetary system. It will be of interest to all students of economics and finance, and should be read by anyone wishing to understand the world of ever-expanding trade.
Author | : Peter B. Kenen |
Publisher | : Cambridge University Press |
Total Pages | : 370 |
Release | : 1994-10-13 |
Genre | : Business & Economics |
ISBN | : 9780521467292 |
Download The International Monetary System Book in PDF, ePub and Kindle
In the two decades prior to publication of this 1994 book, international monetary relations had been characterised by latent instability, and then by severe tensions. Yet the issue of reforming the international monetary system does not appear on the agenda of the policy makers of the major countries involved. The International Monetary System tries to analyse this apparent contradiction. It brings together contributions from some of the most authoritative academic economists and monetary officials, and examines each of the fundamental functions of the international monetary system. There is broad support for improving present monetary arrangements with the aim of ensuring more stable conditions in monetary and financial markets and of promoting the orderly adjustment of payments disequilibria. For political reasons a fully-fledged reform exercise is unlikely, but very few experts seem to like the status quo. This book provides the reader with a comprehensive account of the institutional and policy changes required to manage an increasingly integrated and interdependent global monetary and financial system.
Author | : Robert Triffin |
Publisher | : |
Total Pages | : 232 |
Release | : 1968 |
Genre | : International finance |
ISBN | : |
Download Our International Monetary System; Yesterday, Today, and Tomorrow Book in PDF, ePub and Kindle
Author | : Pascal Salin |
Publisher | : Edward Elgar Publishing |
Total Pages | : 272 |
Release | : 2016-11-25 |
Genre | : Business & Economics |
ISBN | : 1786430304 |
Download The International Monetary System and the Theory of Monetary Systems Book in PDF, ePub and Kindle
The international monetary system, and the disparate systems that make it up, are complex and there are many fallacies surrounding the ways in which they work. This book provides a clear and rigorous understanding of these systems and their possible consequences.
Author | : Michael D. Bordo |
Publisher | : University of Chicago Press |
Total Pages | : 692 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226066908 |
Download A Retrospective on the Bretton Woods System Book in PDF, ePub and Kindle
At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustment, liquidity, and transmission under the System; the way it affected developing countries; and the role of the International Monetary Fund in maintaining a stable rate. The authors examine the reasons for the System's success and eventual collapse, compare it to subsequent monetary regimes, such as the European Monetary System, and address the possibility of a new fixed exchange rate for today's world.
Author | : Ms.Dominique Simard |
Publisher | : International Monetary Fund |
Total Pages | : 58 |
Release | : 1994-10-01 |
Genre | : Business & Economics |
ISBN | : 1451935366 |
Download France and the Breakdown of the Bretton Woods International Monetary System Book in PDF, ePub and Kindle
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author | : Mr.James M. Boughton |
Publisher | : International Monetary Fund |
Total Pages | : 68 |
Release | : 2000-09-11 |
Genre | : Business & Economics |
ISBN | : 9781557759702 |
Download The IMF and the Silent Revolution Book in PDF, ePub and Kindle
This pamphlet is adapted from Chapter 1 of Silent Revolution: The International Monetary Fund, 1979-89, by the same author. That book is full of history of the evolution of the Fund during 11 years in which the institution truly came of age as a participant in the international financial system.