The papers in this book cover the wide range of Robert Triffin's expertise. For example, Jacques Larosire interprets the evolution of the international monetary system. Michel Aglietta critically appraises the international monetary system and suggests the present system is one that does not constrain domestic policy choices. The desirability, scope and means of policy co-ordination are analyzed in the contributions by James Tobin, Robert Solomon, John Williamson, Alexandre Lamfalussy and Wolfgang Rieke. Tommaso Padoa-Schioppa discusses the possible paths to European Monetary Union whilst Alfred Steinherr and Jacques Girard evaluate the past and future evolution of the ECU. Paul De Grauwe provides empirical answers to the highly debated question whether the EMS is a DM-zone.
Part 1 International co-ordination of economic policies - difficulties and perspectives: the international monetary system - pluralism and interdependance; whither macroeconomic policy coordination?, John Williamson; potential gains from and obstacles to international policy coordination, Robert Solomon; international central bank cooperation - what it can and cannot achieve, Alexandre Lamfalussy; experience and problems in international monetary policy coordination, Wolfgang Rieke. Part 2 Approaches to external disequilibria: approaches to managing external equilibria - where we are, where we might be headed, and how we might get there, Edwin M.Truman; the exchange rate and the trade balance - insular versus open economies, Ronald I.McKinnon; exchange rate volatility and misalignment - evaluating some proposals for reform, Jacob A.Frenkel and Morris Goldstein. Part 3 International and regional monetary problems: Robert Triffin and the reform of the international monetary system, Jacques de Larosiere; the future of international monetary relations, Michel Aglietta; monetary management in Latin America, Victor L.Urquidi; a proposal for "cooperative relief of debt in Africa", Jacques Dreze, Albert Kervyn, Jean-Philippe Platteau and Paul Reding. Part 4 European monetary integration: European monies and European monetary union, Tommaso Padoa Schioppa; is the European monetary system a DM-Zone?, Paul De Grauwe; ECU financial markets - recent evolution and perspectives, Alfred Steinherr and Jacques Girard.
Series: Essays in Honour of Robert Triffin
Number Of Pages: 261
Published: 11th December 1991
Publisher: SPRINGER VERLAG GMBH
Country of Publication: GB
Dimensions (cm): 21.59 x 13.97
Weight (kg): 0.51
Edition Number: 1