A Proposed Agenda for Redesign

H. Peter Gray
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H. Peter Gray: Rutgers - the State University

Chapter 10 in The Exhaustion of the Dollar, 2004, pp 162-171 from Palgrave Macmillan

Abstract: Abstract This chapter offers a broad-brush proposal for the development of an architecture for the international financial system in the post-transition period. The approach broadens the range of the concerns of the system to include all of the different components of the international flows of funds and, therefore, of international economic involvement.1 Independently of the reliance on managed global macrofinancial policies in the transitional system, the proposal given here rejects a purely laissez-faire structure and it also rejects a world-wide monolithic system. Ultimately, the design of such a large and complex undertaking must involve not only political feasibility or acceptance but it will also require a wide range of specialist expertise.

Keywords: Hedge Fund; Executive Committee; National Currency; Allocative Efficiency; Bretton Wood System (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50020-4_10

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DOI: 10.1057/9780230500204_10

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