International Monetary Arrangements for the 21st Century

摘要: Recent events have reignited the debate over future of international monetary system. This book, part Integrating National Economic series, examines options 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 force countries traditionally pegged their choose between floating unification. describes various arrangements with which policymakers experimented past. He introduces requirements an system must satisfy illustrates how these been met time. analyzes preconditions smooth operation systems past impossible achieve next century creates a list feasible policymakers. These options, he concludes, limited some form unions. In direction should move is obvious. The choice unification depends on host economic political factors. book provides in-depth analysis Western Europe's experience dramatic initiatives currently under way, compares Asia, Africa, former Soviet Union, Hemisphere. A volume Brookings' Economies Series