Softcover reprint of the original 1st ed. 1995, V, 215 pp. 2 figs.
Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.
You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.
After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.
HANSGENBERG An international monetary system should provide a stable and predictable environment for international trade and investment. At the very least, it should not by itself be a source of disturbances in the world economy, and it should be designed so that policy errors or unforeseen shocks are not unduly transmitted between countries. In this perspective, worldwide integration of goods and financial markets present a particular challenge. Such integration increases the cross-border effects of economic policies at the same time as interlocking payments and financial systems transmit financial disturbances rapidly throughout the world. As the degree of integration and interdependence changes over time, is not a foregone conc1usion that international monetary institutions and mechanisms always remain well adapted to the state of the world economy. Occasional review of the performance of the system as well as proposals for improvements are therefore necessary. The contributions to this volume have l been brought together with this in mind.
1 Repairing the International Monetary System — An Unfinished Task?.- 2 Prospects for the International Monetary System and Its Institutions.- Discussion.- Discussion.- 3 Integrating the Central and East European Countries into the International Monetary System.- Discussion.- Discussion.- 4 Cooperation Across the Atlantic and Across the Rhine.- Discussion.- Discussion.- 5 Emerging Currency Blocks.- Discussion.- Discussion.- 6 The IMF and the World Bank at Fifty.- Discussion.- Discussion.