From Institute for International Economics

A New International Standard for Monetary Stabilization

By Ronald I. McKinnon

This monograph makes specific proposals for stabilizing exchange rates while bringing joint money growth in the hard-currency countries under better control.

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This monograph makes specific proposals for stabilizing exchange rates while bringing joint money growth in the hard-currency countries under better control.

Now available directly from: IIE11 Dupont Circle, NWWashington, DC 20036 Tel: (202) 328-9000 The wide swings in inflation rates, interest rates, and exchange rates in recent years maybe due at least partly to the failure of national monetary authorities - particularly in the United States, Germany, and Japan - to take adequate account of changes in the international demand for their currencies. More explicit coordination of monetary policies among these countries could provide a better foundation for world economic stability. This monograph makes specific proposals for stabilizing exchange rates while bringing joint money growth in the hard-currency countries under better control.

Paperback

Out of Print ISBN: 9780262630931 80 pp. |