The Name of the Game Is Money — But the Disputes Are about Where the Jobs Are

Robert Z. Aliber
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Robert Z. Aliber: University of Chicago

Chapter 2 in The New International Money Game, 2011, pp 17-32 from Palgrave Macmillan

Abstract: Abstract International finance is a game with two sets of players: one set includes the politicians and bureaucrats and the central bankers in different countries and the other set includes the chief financial officers and treasurers of giant, large, medium-large, medium, medium-small, and small firms and banks and hedge funds, and other financial institutions. The government officials want to win elections and secure a niche in the histories of their countries for enhancing economic well-being and financial stability. The cliché is ‘good jobs at good wages.’ A few aspire to get their portraits on the national currency. And to do so, they want to manage their economies to provide more and better-paying jobs and greater financial security for their voters. These officials want to avoid sharp increases in inflation rates and sharp declines in the prices of their currencies.

Keywords: Monetary Policy; Foreign Market; Hedge Fund; National Currency; European Monetary System (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24672-0_3

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DOI: 10.1057/9780230246720_3

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