Post-war International Monetary Arrangements

Patrick Collins
Additional contact information
Patrick Collins: Imperial College of Science and Technology

Chapter 1 in Currency Convertibility, 1985, pp 6-14 from Palgrave Macmillan

Abstract: Abstract The history of international monetary arrangements since the second World War falls naturally into two periods. The earlier period, lasting until 1971, was characterised by fixed exchange rates, low rates of inflation and relatively stable economic growth in most countries, combined with low unemployment and rapid growth in international trade. The subsequent period saw the reversal of all these conditions, with floating exchange rates, unprecedentedly rapid inflation, slower and less stable economic growth, rising levels of unemployment and slower growth in international trade (the volume of which actually fell in some years). In order to understand the prospects for improvement of the present situation, and the possibility of governments’ facilitating a return to a more stable and prosperous era through making appropriate changes in existing monetary arrangements, it is necessary to examine in some detail certain aspects of the international economic system which has been in operation over the past four decades.

Keywords: Exchange Rate; Monetary Policy; Money Supply; National Currency; Monetary Authority (search for similar items in EconPapers)
Date: 1985
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:978-1-349-07058-9_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349070589

DOI: 10.1007/978-1-349-07058-9_2

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 ().