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The International Monetary System (Paperback, New)
Loot Price: R1,312
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The International Monetary System (Paperback, New)
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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.
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