000 02272nam a2200253Ia 4500
003 OSt
005 20210802105554.0
008 210310t1977 eu fr 000 0deng d
020 _a0844732710
040 _aCO-JMCR
_cCO-JMCR
041 0 _aeng
082 0 4 _a332.45 /
_bW713f
_223
100 1 _aWillett, Thomas D.,
_916650
_eautor
245 1 0 _aFloating exchange rates and international monetary reform /
_cThomas D Willett
260 _aWashington :
_bAmerican Enterprise Institute for Public Policy Research,
_c©1977
300 _a146 páginas ;
_c23 cm.
500 _aIncluye notas a pie de página y datos biográficos del autor.
505 0 _aFrom bretton woods to jamaica - The performance of floating rates -- The Jamaica reforms and international monetary problems -- International surveillance of the adjustment process under Floating rates
520 3 _aFloating Exchange Rates and International Monetary Reform, by Thomas D. Willett, traces the role of exchange rate arrangements in the evolution of the international monetary system. Drawing heavily on both historical research and his own experiences in the U.S. government, the author analyzes the key factors in the creation and the demise of the Bretton Woods exchange rate system and in the 1976 Jamaica Agreements on reform of the international monetary system. Willett argues that the new monetary system based on floating exchange rates adheres to the basic principles of international financial cooperation established at Bretton Woods in 1944, though it substan tially alters the exchange rate procedures established there. On balance, he concludes, the performance of floating rates has come closer to the expectations of its supporters than of its critics. This study also analyzes the major criticisms of the Jamaica Agreements that they fail to deal adequately with the problems of international liquidity and confidence and surveillance of the adjustment process. Many of these charges are attributed to a failure to recognize fully the implications of the adoption of flexible exchange rates as the new basis for the international monetary system.
650 1 4 _aFinanzas internacionales
_916652
650 2 4 _aTipos de cambio
_938956
650 2 4 _aDivisas
_938957
942 _2ddc
_cBK
999 _c8215
_d8215