Central Bank of Nigeria Library

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Floating exchange rates and national economic policy /

By: Material type: TextTextPublication details: New Haven : Yale University Press, 1977.Description: xvii, 204 p. :illISBN:
  • 0300021240 :
Subject(s): DDC classification:
  • 332.4'5 BLA
LOC classification:
  • HG3851 .B5
Summary: This book uses Sweden and France as examples of fixed exchange rate regimes, and the United States, the United Kingdom and West Germany as examples of floating exchange rate regimes. It reviews the 1972-1976 period in terms of this traditional argument for floating. Its main conclusions are that floating benefits countries whose institutions for forming monetary policy are strong, e.g. West Germany, while the converse may be true for countries where the opposite applies, such as the United Kingdom, where he argues exchange rate flexibility may have destabilized domestic monetary and fiscal policies in the absence of the discipline of a balance of payments constraint.
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Holdings
Item type Current library Collection Call number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 332.4'5 BLA (Browse shelf(Opens below)) Available 31008100152632

Includes bibliographical references and index.

This book uses Sweden and France as examples of fixed exchange rate regimes, and the United States, the
United Kingdom and West Germany as examples of floating exchange rate regimes. It reviews the 1972-1976 period in terms of this traditional argument for floating. Its main conclusions are that floating benefits countries whose institutions for forming monetary policy are strong, e.g. West Germany, while the converse may be true for countries where
the opposite applies, such as the United Kingdom, where he argues exchange rate flexibility may have destabilized domestic monetary and fiscal policies in the absence of the discipline of a balance of payments constraint.

usc 09/08/18

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