The International Monetary System (Paperback)

Foreword Carlo A. Ciampi; Introduction Peter B. Kenen, Francesco Papadia and Fabrizio Saccomanni; Part I. Overview of the Issues: Retrospects and Prospects: 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; Discussion Robert Z. Aliber and Fred C. Bergsten; Part II. International Liquidity: 3. The rise and fall of international liquidity John Williamson; Discussion Rainer S. Masera and Robert A. Mundell; 4. The role of market and official channels in the supply of international liquidity Andrew Crockett; Discussion Robert D. Hormats and Stefano Micossi; 5. High world interest rates: shortage of saving or liquidity? William H. Branson; Discussion Marcello de Cecco and Alexandre Swoboda; Part III. Exchange Rates: 6. Floating exchange rates reconsidered: the influence of new ideas, priorities and problems Peter B. Kenen; Discussion Giancarlo Gandolfo and Ronald McKinnon; 7. The credibility of adjustable parities: the experience of the European Monetary System Zhaohui Chen and Alberto Giovannini; Discussion Luigi Spaventa and Niels Thygesen; 8. Concerted interventions and the dollar: an analysis of daily data Pietro Catte, Giampaolo Galli and Salvatore Rebecchini; Discussion Giorgio Basevi, Jeffrey A. Frankel and Edwin M. Truman; Part IV. The Framework for International Economic Policy: 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; Discussion Richard N. Cooper, Lamberto Dini, Leonhard Gleske, Toyoo Gyohten and Jacques de Larosiere.