| Description |
1 online resource (xi, 60 pages) : illustrations. |
|
text file |
| Series |
Policy analyses in international economics ; 82
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Policy analyses in international economics ; 82.
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| Bibliography |
Includes bibliographical references (pages 57-58) and index. |
| Contents |
Introduction -- The reference rate proposal -- Advantages and disadvantages of a reference rate system -- Three alternative variants of the reference rate proposal -- Selecting and agreeing on a set of reference rates -- Publication -- Hypothetical history -- Conclusion. |
| Access |
Use copy Restrictions unspecified MiAaHDL |
| Reproduction |
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL |
| System Details |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
| Processing Action |
digitized 2010 HathiTrust Digital Library committed to preserve MiAaHDL |
| Summary |
Growing global imbalances threaten to induce a collapse of the dollar, which could in turn produce a severe recession in the rest of the world. This crisis could force countries to say "never again" and search for a system to prevent similar disasters. The system that holds such a promise is a reference rate system-where countries' authorities are forbidden from intervening in order to push the exchange rate too far from what is termed the "reference rate." It could help a country's authorities manage its exchange rate to avoid large misalignments, assist the private sector in forming more dependable expectations of future exchange rates and thus to manage their businesses more efficiently in a world of floating exchange rates, and aid the International Monetary Fund in designing and managing an effective system of multilateral surveillance, with the presumption that the world economy would function better as a result, with less chance of the global imbalances leading to a world recession. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Foreign exchange.
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Foreign exchange. |
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Foreign exchange rates.
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Foreign exchange rates. |
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Monetary policy.
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Monetary policy. |
| Genre/Form |
Electronic books.
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| Other Form: |
Print version: Williamson, John, 1937- Reference rates and the international monetary system. Washington, DC : P.G. Peterson Institute for International Economics, 2007 (DLC) 2006038799 (OCoLC)76864061 |
| ISBN |
9781441610393 (electronic book) |
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1441610391 (electronic book) |
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1282094106 |
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9781282094109 |
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9780881324013 (alkaline paper) |
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0881324019 (alkaline paper) |
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