The Reconstruction of International Monetary Arrangements

1. Front Matter

   Pages i-vii

   PDF

2. Introduction: The Reconstruction of International Monetary Arrangements

   1. Introduction: The Reconstruction of International Monetary Arrangements

      • Robert Z. Aliber

      Pages 1-4

3. The Recent Past

   1. Front Matter

      Pages 5-5

      PDF

   2. The Evolving International Monetary System: Past Plans and Optimality

      • Herbert G. Grubel

      Pages 7-20

   3. Unexpected Real Consequences of Floating Exchange Rates

      • Rachel McCulloch

      Pages 21-45

   4. Toward a More Orderly Exchange Rate System

      • Jacques R. Artus

      Pages 46-69

   5. The Wage and Price Adjustment Process in Six Large OECD Countries

      • Robert J. Gordon

      Pages 70-91

   6. Fixed Exchange Rates, Flexible Exchange Rates, or the Middle of the Road: a Re-Examination of the Arguments in View of Recent Experience

      • Hans Genberg, Alexander K. Swoboda

      Pages 92-113

4. International Reserves and International Money

   1. Front Matter

      Pages 115-115

      PDF

   2. Internationally Managed Money Supply

      • George M. von Furstenberg

      Pages 117-126

   3. Changing Perceptions of International Money and International Reserves in the World Economy

      • K. Alec Chrystal

      Pages 127-150

   4. Gold: Does it Provide a Viable Basis for the Monetary System?

      • Richard N. Cooper

      Pages 151-167

   5. Gold in the International Monetary System: A Catalog of the Options

      • Robert Z. Aliber

      Pages 168-182

   6. Gold Monetization and Gold Discipline

      • Robert P. Flood, Peter M. Garber

      Pages 183-211

   7. Gold in the Optimal Portfolio

      • David A. Hsieh, John Huizinga

      Pages 212-261

   8. An Analysis of the Management of the Currency Composition of Reserve Assets and External Liabilities of Developing Countries

      • Michael P. Dooley

      Pages 262-280

   9. The Theory of the Lender of Last Resort and the Eurocurrency Markets

      • Jeffrey R. Shafer

      Pages 281-304

   10. The Endogeneity of International Liquidity

       • Peter M. Oppenheimer

       Pages 305-323

5. Back Matter

   Pages 324-330

   PDF

The decade of the 1970s was one of turbulence in international monetary arrangements - the exchange rates fluctuated through a wide range, national price levels more than doubled fueled partly by several oil price shocks, and the external debts of the developing countries increased from $120 billion to

• developing countries
• economy
• exchange rates
• liquidity
• management
• money
• Options
• Portfolio

• University of Chicago, USA

  Robert Z. Aliber

Policies and ethics