This volume focuses on the crucial relationships between domestic and international economic developments and on their implications for monetary, fiscal, and exchange rate policies.

This volume presents the papers and proceedings of a conference sponsored by the American Enterprise Institute to assess the major challenges facing the essentially liberal international economic order and to discuss proposals for reforming the structure and operation of the system.

This volume focuses on the crucial relationships between domestic and international economic developments and on their implications for monetary, fiscal, and exchange rate policies.