Twenty-five years of post-Bretton Woods experience: some lessons
PSL Quarterly Review
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Title |
Twenty-five years of post-Bretton Woods experience: some lessons
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Creator |
ASKARI, H.
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Subject |
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Foreign Currency Management, Analysis, Economic aspects, Foreign exchange, Foreign exchange market F31, F00 |
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Description |
In 1971 many academic economists were predicting that the Bretton Woods system of fixed parities would collapse. Some, most notably Milton Friedman, became excited about the possibility of a floating system because the benefits of international capital mobility can only be achieved through the flexibility in the exchange rate. These economists argued that a floating exchange rate system can ensure positive results more than the fixed parities system. Twenty-five years later, however, there is still no consensus on the matter. The author reviews the post-Bretton Woods experience to highlight some policies and approaches that might be helpful for the future. JEL Codes: F31, F00Keywords: Foreign Currency Management, Analysis, Economic aspects, Foreign exchange, Foreign exchange market
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Publisher |
Economia civile
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Contributor |
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Date |
2013-10-20
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10620
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Source |
PSL Quarterly Review; Vol 52, No 208 (1999)
PSL Quarterly Review; Vol 52, No 208 (1999) 2037-3643 ISSN 2037-3635 |
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Language |
eng
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Relation |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10620/10504
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Rights |
Copyright (c) 2016 H. ASKARI
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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