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: Ludwigstraße 33, D-80539 Munich, Germany|
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: (Joachim Winter)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.