Reforming the World’s Money

Louise Davidson

Chapter 5 in Uncertainty, International Money, Employment and Theory, 1999, pp 64-88 from Palgrave Macmillan

Abstract: Abstract The current international payments system does not serve the emerging global economy well. The Financial Times and The Economist, both previously strong advocates of the existing floating rate system, have acknowledged that the system is a failure and was sold to the public and the politicians under false advertising claims.1 Can we not do better?

Keywords: Exchange Rate; Central Bank; Current Account; Real Exchange Rate; Trading Partner (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14991-9_5

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DOI: 10.1007/978-1-349-14991-9_5

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