The future exchange rate regime
When the Committee of Twenty decided to rename the exchange-rate regime rather than reform it, some two weeks after the system had collapsed, it immediately became clear that the ambitious attempt to write a new monetary constitution for the world had failed. If future attempts to reform world monet...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-01-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11474 |
| _version_ | 1811172542143004672 |
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| author | J. WILLIAMSON |
| author_facet | J. WILLIAMSON |
| author_sort | J. WILLIAMSON |
| collection | DOAJ |
| description | When the Committee of Twenty decided to rename the exchange-rate regime rather than reform it, some two weeks after the system had collapsed, it immediately became clear that the ambitious attempt to write a new monetary constitution for the world had failed. If future attempts to reform world monetary relations are not to be equally doomed to failure, a primary requirement is a more realistic approach to this central issue. Accordingly, this paper is devoted to a consideration of the type of approach that wold be required. The author considers what solutions are feasible, managed floating versus crawling par values, the reference rate proposal and reference rates as the basis for a reformed system.
JEL: E42, F33
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| first_indexed | 2024-04-10T17:31:55Z |
| format | Article |
| id | doaj.art-e90b7f98252e44cb97c59e903d74a321 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:31:55Z |
| publishDate | 2014-01-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-e90b7f98252e44cb97c59e903d74a3212023-02-03T16:44:49ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432014-01-012811310.13133/2037-3643/11474The future exchange rate regimeJ. WILLIAMSONWhen the Committee of Twenty decided to rename the exchange-rate regime rather than reform it, some two weeks after the system had collapsed, it immediately became clear that the ambitious attempt to write a new monetary constitution for the world had failed. If future attempts to reform world monetary relations are not to be equally doomed to failure, a primary requirement is a more realistic approach to this central issue. Accordingly, this paper is devoted to a consideration of the type of approach that wold be required. The author considers what solutions are feasible, managed floating versus crawling par values, the reference rate proposal and reference rates as the basis for a reformed system. JEL: E42, F33 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11474Exchange rate regimereformworld monetary relationsfloatingcrawlingpar values |
| spellingShingle | J. WILLIAMSON The future exchange rate regime PSL Quarterly Review Exchange rate regime reform world monetary relations floating crawling par values |
| title | The future exchange rate regime |
| title_full | The future exchange rate regime |
| title_fullStr | The future exchange rate regime |
| title_full_unstemmed | The future exchange rate regime |
| title_short | The future exchange rate regime |
| title_sort | future exchange rate regime |
| topic | Exchange rate regime reform world monetary relations floating crawling par values |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11474 |
| work_keys_str_mv | AT jwilliamson thefutureexchangerateregime AT jwilliamson futureexchangerateregime |