The need for international monetary stability: proposals for stabilizing exchange rates
With the end of the Cold War, the international economy is moving rapidly towards a framework of market economies. Parallels have been drawn with the end of World War II and there are growing calls for stabilization of exchange rates to promote economic integration. Stability is needed to allow for better long-term investment decisions by industries. However, flexibility is also needed to avoid permanent disequilibria. Moreover, in a framework of freedom of capital movements, speculative behavior must be discouraged. This article considers the lessons learned since Bretton Woods and new proposals for managing international exchange rates.
|Date of creation:||1995|
|Date of revision:||1995|
|Publication status:||Published in Futures 3.27(1995): pp. 273-285|
|Contact details of provider:|| Postal: |
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:44624. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.