000			01621pam a2200289 4500
008			730411s1973 mau b 011 0 eng
020			_a066986868X
040			_aDLC _cDLC
050	0	0	_aHG3881 _b.L39
082	0	0	_a332.4'5 _bLEA
245	0	0	_aLeading issues in international economic policy/
260			_aLexington, Massachsetts: _bLexington Books, _c[1973]
300			_axx, 217 p.:ill,
500			_aEssays in honor of George N. Halm.
504			_aIncludes bibliographical references and index.
520			_aThe first chapter in this book traces the development of the exchange rate issue through the history of the IMF, describes the weaknesses of the mechanism constructed at Bretton Woods and its breakdown in the late 1960s. The second paper analyzes the most relevant case in existence: the "trotting peg" which has been maintained by Brazil since 1968. The third paper focuses on the critical importance of "money illusion" in the analysis of international (as well as domestic) monetary phenomena, and concludes that money can function effectively in an international context only if it is sufficiently stable to justify such illusion e.g. a strong argument against flexible exchange rates, at least for those currencies (particularly the dollar) widely used in international finance.
590			_ane 03/07/2018
591			_aLoans
600	1	0	_aHalm, George N.
650		0	_aInternational finance.
650		0	_aInternational economic relations.
700	1		_aHalm, George N.
700	1		_aBergsten, C. Fred
700	1		_aTyler, William G.
942			_2ddc _cBOOK
949			_a332.4'5 LEA
999			_c9049 _d9049