Policy Issues in the Evolving International Monetary System
June 15, 1992
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How can international monetary stability be promoted? This study looks at ways to bolster economic policies and coordination among the industrial countries serving as nominal anchors for the world economy. It also assesses the operation of monetary unions and common currency areas. The authors conclude that problems with the world monetary system reflect weaknesses outside the exchange rate arena, and that exchange rate commitements must be tailored to individual country characteristics.
Subject: Currencies, Economic integration, Exchange rate arrangements, Exchange rates, Fiscal policy, Foreign exchange, Monetary unions, Money, Real exchange rates
Keywords: Asia and Pacific, country, Currencies, Europe, Exchange rate arrangements, exchange rate commitment, exchange rate union, Exchange rates, Global, Middle East, monetary union, monetary union desirable, Monetary unions, OP, policy coordination, policy union, Real exchange rates, Western Hemisphere
Pages:
81
Volume:
1992
DOI:
Issue:
009
Series:
Occasional Paper No. 1992/009
Stock No:
S096EA0000000
ISBN:
9781557752345
ISSN:
0251-6365
