Record Details

Il dollaro e il sistema monetario internazionale.

Moneta e Credito

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Field Value
 
Title Il dollaro e il sistema monetario internazionale.
 
Creator HABERLER, G.
 
Subject
United States, balance of payments, dollar, exchange rate adjustment, controls
F32, E42
 
Description In the last two years the U.S. balance of payments and the international position of the dollar have undergone sharp and somewhat paradoxical changes. Despite the unprecedented deterioration of the external balance in 1969, the dollar was left entirely unscathed in the exchange market. The article considers this paradox, the dollar’s position as the world’s foremost reserve currency and flexibility with regards to exchange rate adjustment. The author argues that the real choice is not between fixed exchange rates and some sort of flexibility, but rather between a messy and disorderly method of changing exchange rates that entails crisis, speculation and controls, and a smooth adjustment which largely avoids controls and reduces speculation to a minimum.
 
Publisher Associazione Economia civile
 
Contributor
 
Date 2014-08-28
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articolo peer-review
 
Format application/pdf
 
Identifier http://ojs.uniroma1.it/index.php/monetaecredito/article/view/12538
 
Source Moneta e Credito; Vol 23, N° 90 (1970)
Moneta e Credito; Vol 23, N° 90 (1970)
2037-3651
 
Language ita
 
Relation http://ojs.uniroma1.it/index.php/monetaecredito/article/view/12538/12339
 
Rights Copyright (c) 2016 G. HABERLER
http://creativecommons.org/licenses/by-nc-nd/4.0