This studyrebuts much of the traditional rationale forregulatory restrictions and provides a list of principles of regulation that would serve as a model for global accounting practices.

The author offers recommendations for improving developing country debt.

The author concludes that fiscal policy is a more potent countercyclival tool than monetary policy under flexible exchange rates.

Contributors review the collapse of the Bretton Woods system of fixed exchange rates and the historic 1985 agreement by the Group of Five.

This studyrebuts much of the traditional rationale forregulatory restrictions and provides a list of principles of regulation that would serve as a model for global accounting practices.

Contributors review the collapse of the Bretton Woods system of fixed exchange rates and the historic 1985 agreement by the Group of Five.

The author offers recommendations for improving developing country debt.

The author concludes that fiscal policy is a more potent countercyclival tool than monetary policy under flexible exchange rates.