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Reference Rates and the International Monetary System

Reference Rates and the International Monetary System

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To avoid global imbalances that could lead to the collapse of the dollar, Williamson (Peterson Institute, Washington, DC) proposes some variant of a reference rate system, under which countries could not push the exchange rate too far out of alignment with a reference rate. Such a system would benefit the global economy by stabilizing private sector expectations of future exchange rates and assisting International Monetary Fund monitoring. The analysis concludes with a hypothetical history of how an effective reference rate system might have impacted recent macroeconomic issues. Annotation c2007 Book News, Inc., Portland, OR (booknews.com)

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John Williamson, senior fellow (retired), was associated with the Institute from 1981 to 2012. He was project director for the UN High-Level Panel on Financing for Development (the Zedillo Report) in 2001; on leave as chief economist for South Asia at the World Bank during 1996–99; economics professor at Pontifica Universidade Catolica do Rio de Janeiro (1978–81), University of Warwick (1970–77), Massachusetts Institute of Technology (1967, 1980), University of York (1963–68), and Princeton University (1962–63); adviser to the International Monetary Fund (1972–74); and economic consultant to the UK Treasury (1968–70).

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定價:100 1077
無庫存,下單後進貨
(到貨天數約30-45天)

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