Matches in SemOpenAlex for { <https://semopenalex.org/work/W2952459611> ?p ?o ?g. }
Showing items 1 to 91 of
91
with 100 items per page.
- W2952459611 abstract "Historical examination of the Bretton Woods system allows comparisons to be made with the current evolution of the EMS. In the past, three main varieties of monetary arrangements have prevailed. One variety is ‘decentralised unconstrained systems’ in which the sovereignty of each country over its monetary policy is complete (e. g. floating exchange rates arrangements). Another variety is ‘fully centralised systems’ in which monetary policy is transferred to some supranational authority. Finally, a hybrid variety is ‘decentralised but constrained systems’ (e. g. the Bretton Woods system and the EMS) where nations are usually (i) sovereign over their domestic policies, but (ii) constrained by a set of widespread rules (for instance, they need to take into account the policies of different nations). This paper attempts to provide a cost-benefit analysis of these various options. Two chief conclusions emerge. Firstly, the apparent autonomy provided} under the ‘decentralised unconstrained system’ is most likely illusory as the inherent difficulties associated with floating of the various currencies wipe out most of the advantages related to sovereignty. Secondly, ‘decentralised but unconstrained systems’ such as EMS usually induce a deflationary bias which renders these kinds of arrangements both costly as well as unsustainable. This finally indicates that the fundamental dilemma of global arrangements is that there might not be a stable regime without the construction of a supranational monetary policy institution." @default.
- W2952459611 created "2019-06-27" @default.
- W2952459611 creator A5006695208 @default.
- W2952459611 date "1995-01-01" @default.
- W2952459611 modified "2023-09-27" @default.
- W2952459611 title "The Bretton Woods Experience and ERM" @default.
- W2952459611 cites W1521497512 @default.
- W2952459611 cites W1526424553 @default.
- W2952459611 cites W1589884193 @default.
- W2952459611 cites W1600001357 @default.
- W2952459611 cites W180979610 @default.
- W2952459611 cites W1935628066 @default.
- W2952459611 cites W2032003031 @default.
- W2952459611 cites W2126704346 @default.
- W2952459611 cites W2320686922 @default.
- W2952459611 cites W3023542735 @default.
- W2952459611 cites W3123278886 @default.
- W2952459611 cites W3125104895 @default.
- W2952459611 cites W3125780895 @default.
- W2952459611 cites W3147606301 @default.
- W2952459611 hasPublicationYear "1995" @default.
- W2952459611 type Work @default.
- W2952459611 sameAs 2952459611 @default.
- W2952459611 citedByCount "0" @default.
- W2952459611 crossrefType "posted-content" @default.
- W2952459611 hasAuthorship W2952459611A5006695208 @default.
- W2952459611 hasConcept C111472728 @default.
- W2952459611 hasConcept C126285488 @default.
- W2952459611 hasConcept C136197465 @default.
- W2952459611 hasConcept C138885662 @default.
- W2952459611 hasConcept C154945302 @default.
- W2952459611 hasConcept C162324750 @default.
- W2952459611 hasConcept C165556158 @default.
- W2952459611 hasConcept C17744445 @default.
- W2952459611 hasConcept C18547055 @default.
- W2952459611 hasConcept C186229450 @default.
- W2952459611 hasConcept C189848572 @default.
- W2952459611 hasConcept C199539241 @default.
- W2952459611 hasConcept C2778496695 @default.
- W2952459611 hasConcept C2780510313 @default.
- W2952459611 hasConcept C41008148 @default.
- W2952459611 hasConcept C509613553 @default.
- W2952459611 hasConcept C65414064 @default.
- W2952459611 hasConcept C8112001 @default.
- W2952459611 hasConcept C94625758 @default.
- W2952459611 hasConceptScore W2952459611C111472728 @default.
- W2952459611 hasConceptScore W2952459611C126285488 @default.
- W2952459611 hasConceptScore W2952459611C136197465 @default.
- W2952459611 hasConceptScore W2952459611C138885662 @default.
- W2952459611 hasConceptScore W2952459611C154945302 @default.
- W2952459611 hasConceptScore W2952459611C162324750 @default.
- W2952459611 hasConceptScore W2952459611C165556158 @default.
- W2952459611 hasConceptScore W2952459611C17744445 @default.
- W2952459611 hasConceptScore W2952459611C18547055 @default.
- W2952459611 hasConceptScore W2952459611C186229450 @default.
- W2952459611 hasConceptScore W2952459611C189848572 @default.
- W2952459611 hasConceptScore W2952459611C199539241 @default.
- W2952459611 hasConceptScore W2952459611C2778496695 @default.
- W2952459611 hasConceptScore W2952459611C2780510313 @default.
- W2952459611 hasConceptScore W2952459611C41008148 @default.
- W2952459611 hasConceptScore W2952459611C509613553 @default.
- W2952459611 hasConceptScore W2952459611C65414064 @default.
- W2952459611 hasConceptScore W2952459611C8112001 @default.
- W2952459611 hasConceptScore W2952459611C94625758 @default.
- W2952459611 hasLocation W29524596111 @default.
- W2952459611 hasOpenAccess W2952459611 @default.
- W2952459611 hasPrimaryLocation W29524596111 @default.
- W2952459611 hasRelatedWork W1614552560 @default.
- W2952459611 hasRelatedWork W1756571532 @default.
- W2952459611 hasRelatedWork W1826453863 @default.
- W2952459611 hasRelatedWork W1980493237 @default.
- W2952459611 hasRelatedWork W2146792992 @default.
- W2952459611 hasRelatedWork W2165692258 @default.
- W2952459611 hasRelatedWork W2383291196 @default.
- W2952459611 hasRelatedWork W2483605946 @default.
- W2952459611 hasRelatedWork W2485930145 @default.
- W2952459611 hasRelatedWork W2886362391 @default.
- W2952459611 hasRelatedWork W2901029872 @default.
- W2952459611 hasRelatedWork W3125324723 @default.
- W2952459611 hasRelatedWork W3126047388 @default.
- W2952459611 hasRelatedWork W313080456 @default.
- W2952459611 hasRelatedWork W3131223401 @default.
- W2952459611 hasRelatedWork W3140164370 @default.
- W2952459611 hasRelatedWork W3144430607 @default.
- W2952459611 hasRelatedWork W3151597607 @default.
- W2952459611 hasRelatedWork W68188594 @default.
- W2952459611 hasRelatedWork W2123302039 @default.
- W2952459611 isParatext "false" @default.
- W2952459611 isRetracted "false" @default.
- W2952459611 magId "2952459611" @default.
- W2952459611 workType "article" @default.