Research Catalog

The International monetary system : proceedings of a conference organized by the Banca d'Italia

Title: The International monetary system : proceedings of a conference organized by the Banca d'Italia / edited by Peter B. Kenen, Francesco Papadia, and Fabrizio Saccomanni.
Publication: Cambridge [England] ; New York, NY : Cambridge University Press, 1994.

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Status	Format	Access	Call Number	Item Location
Request for On-site Use Request Scan Not available - Please for assistance.	Text	Request in advance	HG3851 .I543 1994	Off-site

Additional Authors

Description

xv, 349 pages; 24 cm

Summary

In the last two decades international monetary relations have been characterized by latent instability, and more recently by severe tensions. Yet the issue of reforming the international monetary system does not appear on the agenda of the policymakers of the major countries involved. The International Monetary System tries to analyse this apparent contradiction.
It brings together contributions from some of the most authoritative academic economists and monetary officials, and examines each of the fundamental functions of the international monetary system.
There is broad support for improving present monetary arrangements with the aim of ensuring more stable conditions in monetary and financial markets and of promoting the orderly adjustment of payments disequilibria. For political reasons a fully fledged reform exercise is unlikely, but very few experts seem to like the status quo.
This book provides the reader with a comprehensive account of the institutional and policy changes required to manage an increasingly integrated and interdependent global monetary and financial system.

Subjects

Note

Papers from a conference honoring the memory of Rinaldo Ossola (1913-1990), who served at the Banca d'Italia from 1938 to August 1976 in various positions, including Director General.

Contents

Foreword / Carlo A. Ciampi -- Introduction / Peter B. Kenen, Francesco Papadia and Fabrizio Saccomanni -- 1. The international monetary issues of the Bretton Woods era / Jacques J. Polak -- 2. Significant episodes in the evolution of the international monetary system / Guido Carli -- 3. The rise and fall of the concept of international liquidity / John Williamson -- 4. The role of market and official channels in the supply of international liquidity / Andrew Crockett -- 5. High world interest rates: shortage of saving or liquidity? / William H. Branson -- 6. Floating exchange rates reconsidered: the influence of new ideas, priorities, and problems / Peter B. Kenen -- 7. The credibility of adjustable parities: the experience of the European Monetary System / Zhaohui Chen and Alberto Giovannini -- 8. Concerted interventions and the dollar: an analysis of daily data / Pietro Catte, Giampaolo Galli and Salvatore Rebecchini.
9. Economic performance under alternative exchange rate regimes: some historical evidence / Tamim Bayoumi and Barry Eichengreen -- 10. Improving economic policy coordination: evaluating some new and some not-so-new proposals / Morris Goldstein.

ISBN

0521454689 (hard)

LCCN

93021076

OCLC

Owning Institutions

Columbia University Libraries