Coordinating International Payments and Incomes

Paul Davidson

Chapter 13 in International Money and the Real World, 1992, pp 248-250 from Palgrave Macmillan

Abstract: Abstract A fundamental argument developed in this volume is that any balance of payments problem can be resolved more easily via internationally coordinated incomes and exchange rate policies designed to achieve the maximum degree of stickiness in flow-supply prices (and hence incomes claims). To enunciate this as a guiding principle is relatively easy. To transfer this principle into the arena of practical policies which are acceptable is more difficult, but not impossible.

Keywords: Full Employment; Exchange Rate Policy; International Money; Payment Problem; International Payment (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1057/9780230378094_13

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