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Approaches to Greater Flexibility of Exchange Rates The Buergenstock Papers

1970

by Halm

[Front Matter and Preface]: This segment contains the title page, copyright information, and preface for 'Approaches to Greater Flexibility of Exchange Rates'...

Exchange RatesFritz MachlupMonetary PolicyGottfried HaberlerMilton FriedmanConvertibilityInternational Monetary FundSpecial Drawing RightsCapitalismFiscal PolicyInterest RatesJohn Maynard KeynesLiquidityPurchasing PowerCapital MovementsInflationBretton WoodsDevaluationpolitical economySovereigntyMonetary ReformEconomic IntegrationGold StandardInternational LiquidityPrice StabilityEquilibriumSpeculationSupply and DemandUncertaintyExchange ControlPhillips CurvePrice ControlsBusiness CyclesnationalismEuropean UnionBalance of PaymentsCapital GoodsConsumer Sovereigntyeconomic efficiencyEconomic DevelopmentUnemploymentRobert TriffinBoom and BustProductivityFederalismLabor MobilityDavid RicardoEconomic Policy

Table of Contents · 79 segments

1
Front Matter and Prefacefront_matter
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2
Table of Contentstable_of_contents
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3
Part I: Introduction and Summaries of Opening Paperstheoretical
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4
Toward Limited Flexibility of Exchange Rates: Introduction and The Case for Fixed Ratesessay
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5
The Case for Freely Flexible Exchange Rates and the Band Proposalessay
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6
Band Proposal and Capital Movementsessay
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7
The Gliding Parity and the Movable Bandessay
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8
Movable Band and the Role of the Reserve Currencyessay
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9
Conference Topics and Proposed Outlinestheoretical
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10
The Outlook for the Present Monetary System: On Terms, Concepts, Theories, and Strategiesessay
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11
Machlup's Analysis of Disequilibrating Changes and Policy Recommendationsessay
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12
Currency Parities in the Second Decade of Convertibilityessay
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13
Comments on Mr. Roosa’s Paperessay
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14
The United States and Greater Flexibility of Exchange Ratesessay
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15
Conclusion: The United States and Exchange-Rate Flexibilitytheoretical
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16
Decision-Making on Exchange Ratesessay
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17
Part II: The Case for Greater Flexibility of Exchange Rates - Introduction and Summarieschapter
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18
The Case for Flexible Exchange Rates, 1969essay
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19
Introduction to Flexible Exchange Ratesessay
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20
The Case for and Against Fixed Exchange Ratesessay
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21
The Case for Flexible Exchange Rates and Rebuttal of Objectionsessay
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22
Contemporary Proposals and the Floating Poundessay
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23
Comments on Mr. Johnson's Paper by George N. Halmessay
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24
The International Monetary System: Recent Developments and Discussionsessay
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25
Geographic Limits and the Special Position of the Dollaressay
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26
Fixed Exchange Rates and the Market Mechanismessay
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27
The Adjustment Process, Its Asymmetry, and Possible Consequencesessay
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28
Inadequacy of Adjustment Policies and Movable Paritiesessay
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29
Entrepreneurial Risk under Flexible Exchange Ratesessay
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30
The Wider Band and Foreign Direct Investmentessay
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31
The Business View of Proposals for International Monetary Reformessay
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32
Conclusion: Real Effects of Moderate Reforms on International Businesstheoretical
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33
Part III. The Case Against Flexible Exchange Rates: Introduction and Overviewtheoretical
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34
The Outlook for the Present World Monetary Systemessay
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35
Comments on Mr. Oppenheimer's Paper: A More Optimistic Viewtheoretical
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36
Could the Crises of the Last Few Years Have Been Avoided by Flexible Exchange Rates?essay
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37
Notes for the Bürgenstock Conferenceessay
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38
Why I Am Not in Favor of Greater Flexibility of Exchange Ratesessay
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39
Greater Flexibility of Exchange Rates: Effects on Commodities, Capital, and Money Marketsessay
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40
Selected Case Studies Relating to Foreign-Exchange Problemstheoretical
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41
Comments on Mr. Kuster's Papertheoretical
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42
Part IV. Practical Proposals and Suggestions for Implementation: Introductiontheoretical
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43
The International Monetary Game: Objectives and Rulesessay
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44
Conclusion on Rules of the International Monetary Systemtheoretical
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45
When and How Should Parities Be Changed?essay
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46
A “Realistic” Note on Threefold Limited Flexibility of Exchange Ratesessay
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47
Asymmetrical Widening of the Bands Around Parityessay
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48
Sliding Parities: A Proposal for Presumptive Rulesessay
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49
The Fixed-Reserve Standard: A Proposal to "Reverse" Bretton Woodsessay
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50
Conclusion: The Fixed-Reserve Standardtheoretical
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51
Rules for a Sliding Parity: A Proposalessay
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52
Some Implications of Flexible Exchange Rates, Including Effects on Forward Markets and Transitional Problemsessay
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53
A Technical Note on the Width of the Band Required to Accommodate Parity Changes of Particular Sizetheoretical
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54
Short-Term Capital Movements and the Interest-Rate Constraint Under Systems of Limited Flexibility of Exchange Ratesessay
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55
Part V. Exchange-Rate Flexibility and the Forward Market: Introductiontheoretical
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56
The Forward-Exchange Market: Misunderstandings Between Practitioners and Economistsessay
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57
Forward Currency "Costs": A Zero Sum Game?essay
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58
Comments on Mr. Watts's Papertheoretical
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59
Exchange Risks and Forward Coverage in Different Monetary Systemsessay
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60
The Effect on the Foreign-Exchange Market of More Flexible Ratesessay
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61
Comments on Mr. Batt’s Papertheoretical
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62
Flexible Exchange Rates and Forward Marketsessay
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63
Conclusion: Forward Markets and Greater Flexibilitytheoretical
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64
Part VI. Potential Impact of Exchange-Rate Flexibility on Different Countries or Groups of Countriestheoretical
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65
Canada's Experience with a Floating Exchange Rate, 1950–1962essay
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66
Statistical Tables: Canadian Exchange Rates and Reserves (1952–1960)theoretical
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67
A Floating German Mark: An Essay in Speculative Economicsessay
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68
Japan's Twenty-Year Experience with a Fixed Rate for the Yenessay
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69
Conclusion: The Japanese Experience with Fixed Exchange Ratestheoretical
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70
The Problem of Floating Exchange Rates from the Swiss Viewpointessay
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71
Balance-of-Payments and Exchange-Rate Problems in Sweden, Denmark, and Finlandessay
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72
European Integration and Greater Flexibility of Exchange Ratesessay
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73
Requiem for European Integration: Comments on Mr. Kasper's Paperessay
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74
Red Herrings, Carts, and Horses: Comments on Mosconi and Kasperessay
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75
The Agricultural Regulations of the EEC as an Obstacle to Flexibilityessay
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76
The Concept of Optimum Currency Areastheoretical
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77
Import Border Taxes and Export-Tax Refunds Versus Exchange-Rate Changesessay
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78
Government and the Corporation: A Fallacious Analogyessay
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79
Contributors and Indexbibliography
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