Too Few Speculators?

Brendan Brown

Chapter 4 in Money Hard and Soft, 1978, pp 94-125 from Palgrave Macmillan

Abstract: Abstract The closing of the US ‘gold window’ in August 1971 marked neither the end of the fixed exchange rate world nor the dawn of freely floating currencies. Rather conformity in international exchange rate practices ceased to be a generally acceptable goal. Each central bank now chooses its own exchange regime — freely floating, adjustable peg, controlled floating or fixed. Each system is promoted by salesmen who resort sometimes to simplification and exaggeration. ‘The conclusion is that good advice, whomever it comes from, depends on the shrewdness of the prince who seeks it’ (Machiavelli).

Keywords: Exchange Rate; Interest Rate; Central Bank; International Monetary Fund; Foreign Exchange (search for similar items in EconPapers)
Date: 1978
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03659-2_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349036592

DOI: 10.1007/978-1-349-03659-2_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().