ABSTRACT

First Published in 2005. The book has two principal aims. First, to provide a description of the major international monetary developments in the industrial world in the post-war years. Second, to evaluate and analyse these developments by reference to a theoretical framework and, in addition, to look at the key policy issues in the context of the new environment of the last decade.

part 1|107 pages

International Monetary Regimes and the Euro-Dollar System

chapter 1|10 pages

The Gold Standard Regime 1

chapter 2|10 pages

The IMF System

chapter 3|14 pages

The Postwar Experience - 1946 to 1967

chapter 4|9 pages

Reform Proposals - Mark I

The Early 1960s

chapter 5|6 pages

Special Drawing Rights (SDRs)

chapter 7|20 pages

The Growth of the Euro-Currency System 1

part 2|43 pages

The Analytical Framework for an Open Economy

chapter 12|11 pages

Monetarist Models—I

The Expectations-Augmented Phillips Curve and the Natural Rate of Unemployment

chapter 13|7 pages

Monetarist Models—II

A Two-Sector Model

chapter 14|11 pages

The Choice of Model—Issues and Evidence

part 3|47 pages

Global Inflation and Unemployment

part 4|61 pages

Managed Floats—1973 to 1978

chapter 19|16 pages

The Forward Market—Analysis and Evidence

chapter 21|21 pages

Exchange Rate Behaviour—the Evidence

part 5|65 pages

Choice of Exchange Rate Regime