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- W2491905871 abstract "The history of international monetary arrangements since the second World War falls naturally into two periods. The earlier period, lasting until 1971, was characterised by fixed exchange rates, low rates of inflation and relatively stable economic growth in most countries, combined with low unemployment and rapid growth in international trade. The subsequent period saw the reversal of all these conditions, with floating exchange rates, unprecedentedly rapid inflation, slower and less stable economic growth, rising levels of unemployment and slower growth in international trade (the volume of which actually fell in some years). In order to understand the prospects for improvement of the present situation, and the possibility of governments’ facilitating a return to a more stable and prosperous era through making appropriate changes in existing monetary arrangements, it is necessary to examine in some detail certain aspects of the international economic system which has been in operation over the past four decades.KeywordsExchange RateMonetary PolicyMoney SupplyNational CurrencyMonetary AuthorityThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
- W2491905871 created "2016-08-23" @default.
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- W2491905871 date "1985-01-01" @default.
- W2491905871 modified "2023-10-05" @default.
- W2491905871 title "Post-war International Monetary Arrangements" @default.
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- W2491905871 doi "https://doi.org/10.1007/978-1-349-07058-9_2" @default.
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