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008 | 210310t1977 eu fr 000 0deng d | ||
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_aCO-JMCR _cCO-JMCR |
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041 | 0 | _aeng | |
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_a332.45 / _bW713f _223 |
100 | 1 |
_aWillett, Thomas D., _916650 _eautor |
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_aFloating exchange rates and international monetary reform / _cThomas D Willett |
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_aWashington : _bAmerican Enterprise Institute for Public Policy Research, _c©1977 |
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_a146 páginas ; _c23 cm. |
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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 |
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_aTipos de cambio _938956 |
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_aDivisas _938957 |
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