Policy for a Civilized Global Economy: Whose International Debt and Currency Crisis is it Anyway?

Greg Davidson and Paul Davidson
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Greg Davidson: National Aeronautics and Space Administration (NASA)

Chapter 10 in Economics for a Civilized Society, 1996, pp 179-209 from Palgrave Macmillan

Abstract: Abstract Near the end of World War H, economists representing the Allied nations met in Bretton Woods, New Hampshire to plan a postwar international monetary community. Basic to the civilized scheme developed at Bretton Woods was a belief that the nations of the world should be united via a fixed exchange rate system where the value of one nation’s currency in terms of another rarely changed. For example, if one could be assured of always being able to exchange one US dollar for 90 Japanese yen, we would have a fixed exchange rate between dollars and yen.

Keywords: Exchange Rate; Central Bank; Fund Manager; Current Account Deficit; Current Account Balance (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1057/9780230374874_10

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