000			01384cam a2200253 i 4500
008			770623t1977 ctuaddderb 001 0 eng
020			_a0300021240 :
040			_aDLC _cDLC
050	0	0	_aHG3851 _b.B5
082	0	0	_a332.4'5 _bBLA
100	1		_aBlack, Stanley W.
245	1	0	_aFloating exchange rates and national economic policy /
260			_aNew Haven : _bYale University Press, _c1977.
300			_axvii, 204 p. :ill.
504			_aIncludes bibliographical references and index.
520			_aThis 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.
590			_ausc 09/08/18
591			_aLoans
650		0	_aForeign exchange rates.
650		0	_aEconomic policy.
650		0	_aForeign exchange
942			_2ddc _cBOOK
949			_a332.4'5 BLA
999			_c9620 _d9620