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Policy Issues in the Evolving International Monetary System

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Author Info

  • Mark P. Taylor
  • Peter Isard
  • Morris Goldstein
  • Paul R. Masson

Abstract

How can international monetary stability be promoted? This study looks at ways to bolster economic policies and coordination among the industrial countries serving as nominal anchors for the world economy. It also assesses the operation of monetary unions and common currency areas. The authors conclude that problems with the world monetary system reflect weaknesses outside the exchange rate arena, and that exchange rate commitements must be tailored to individual country characteristics.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Occasional Papers with number 96.

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Length: 81
Date of creation: 15 Jun 1992
Date of revision:
Handle: RePEc:imf:imfocp:96

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Cited by:
  1. Østrup, Finn, 2005. "Fiscal Policy and Welfare under Different Exchange Rate Regimes," Working Papers, Copenhagen Business School, Department of Finance 2005-1, Copenhagen Business School, Department of Finance.
  2. Mussa, Michael, 1995. "The evolving international monetary system and prospects for monetary reform," Journal of Policy Modeling, Elsevier, Elsevier, vol. 17(5), pages 493-512, October.

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