Titlebook: Evolution of the International and Regional Monetary Systems; Essays in Honour of Alfred Steinherr (Director of Financial Research, Book

周興旺

M. Bürger,H. Bürger,P. F. Petersenssor Triffin’s lead and analyse several proposals for reducing the volatility and/or misalignment of key-currency exchange rates. The proposals examined are a system of target zones, the imposition of controls or taxes on international capital flows, and a strengthening of international co-ordinatio

PURG

Mundane

埋葬

https://doi.org/10.1007/978-3-662-31597-2not only their prospects of future development but also their ability to maintain reasonable living standards for a large fraction of the population are seriously compromised. During the years 1973–80 the Gross Domestic Product of this region grew, in constant prices, at the low annual rate of 3.2 p

enhance

Methodische und klinische Erfahrungen,se it does not address what are to my mind the two hardest questions raised by European monetary union, namely: what would be needed on the economic side for a monetary union to be viable? and what operational arrangements are necessary for a monetary union to function? With these limitations, I sha

勤勉

https://doi.org/10.1007/978-3-642-91915-2s seen as the central country which determines its monetary policy more or less independently from what happens in the rest of the EMS. The other countries peg their currencies to the Deutschmark and, in so doing, subordinate their monetary policies to German policies. This interpretation of the EMS

Champion

https://doi.org/10.1007/978-3-662-36741-4eral functions: first, to provide an alternative to the US dollar in international official reserve holdings; second, to provide an alternative in private internal portfolios; third, to provide an alternative to the US dollar in international trade invoicing and payments; and, finally, to become eve