Changing Perceptions of International Money and International Reserves in the World Economy

K. Alec Chrystal

Chapter 7 in The Reconstruction of International Monetary Arrangements, 1987, pp 127-150 from Palgrave Macmillan

Abstract: Abstract The international monetary environment of the early 1980s is very different from that of the early 1960s or indeed the early 1970s. Despite the intentions of central bankers and finance ministers, in those distant days of the 1967 Rio de Janeiro meetings, to plan for the rational evolution of an official sector-dominated system, expediency appears to have dictated a seemingly haphazard development. Despite the occurrence of a period of severe economic difficulties in many countries — the UK is a good but extreme example where there has been little or no growth in a decade, inflation remains in or close to double figures and unemployment is at a forty-year high — there is no consensus on the proper shape of an international monetary system that would support a return to more prosperous times. Will any system do?

Keywords: Exchange Rate; Central Bank; Foreign Exchange; Foreign Exchange Market; International Reserve (search for similar items in EconPapers)
Date: 1987
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:978-1-349-18513-9_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349185139

DOI: 10.1007/978-1-349-18513-9_8

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 ().