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|a Williamson, John,
|d 1937-2021.
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|a Reference rates and the international monetary system /
|c John Williamson.
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260 |
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|a Washington, DC :
|b P.G. Peterson Institute for International Economics,
|c 2007.
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|a Policy analyses in international economics ;
|v 82
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|a Includes bibliographical references (pages 57-58) and index.
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|a 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.
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|3 Use copy
|f Restrictions unspecified
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|a Electronic reproduction.
|b [Place of publication not identified] :
|c HathiTrust Digital Library,
|d 2010.
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|a 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.
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|a Print version record.
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|a 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
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546 |
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|a English.
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|b EBSCO eBook Subscription Academic Collection - Worldwide
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|a Foreign exchange.
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|a Foreign exchange rates.
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|a Monetary policy.
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|a Money
|v Tables.
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|a Taux de change.
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|a Politique monétaire.
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|i Print version:
|a Williamson, John, 1937-
|t Reference rates and the international monetary system.
|d Washington, DC : P.G. Peterson Institute for International Economics, 2007
|w (DLC) 2006038799
|w (OCoLC)76864061
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|a Policy analyses in international economics ;
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