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If emerging markets are to achieve their objective of joining the ranks of industrialized, developed countries, they must use their economic and political influence to support radical change in the international financial system. This working paper recommends John Maynard Keynes's "clearing...
Persistent link: https://www.econbiz.de/10010477572
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works of Fritz Machlup, Robert Triffin and their contemporaries …
Persistent link: https://www.econbiz.de/10013113967
Hayek's evolving thought on gold and the gold standard is complex and, at times, confusing. Hayek initially supported the gold standard and paid special attention to those nations whose central banking policies he viewed as relatively loose. Early on he viewed attempts at stabilization of...
Persistent link: https://www.econbiz.de/10012900623
In this paper we analyse the scientific contributions of Harvard economist John H. Williams as international trade theorist and monetary reformer together with his activities as a Vice President of the Federal Reserve Bank of New York. In the first 2 Sections we first present a succinct overview...
Persistent link: https://www.econbiz.de/10014063779
system and the two economists, Robert Triffin and Fritz Machlup, who led the charge, one for central reserves and a common … system was not “reformed.” We know also that Triffin believed that the outcome was the result of Fritz Machlup’s influence … policy-making ties. As Triffin wrote in Gold and the Dollar Crisis, “They may have received unintended encouragement from the …
Persistent link: https://www.econbiz.de/10014187303
Bilateral and regional cooperation initiatives in Asia have been growing in importance over the last five years … sequence, is there a case for monetary union in East Asia? Is there a case for expanded free-trade areas (FTAs) in the region … Equilibrium (CGE) model, to evaluate the economics of monetary/financial integration and various configurations of FTAs in Asia …
Persistent link: https://www.econbiz.de/10011281489
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between Global and Regional Institutions -- Chapter 4: Promoting Development Bank Complementarity in Asia -- Chapter 5 …, the role for Asia is also identified, and elaborated on. Dr Pradumna B. Rana is a Senior Fellow at the Centre for …
Persistent link: https://www.econbiz.de/10013386123
The ASEAN+3 finance ministers’ group has developed its economic review and policy dialogue (ERPD) process as part of regional financial cooperation efforts. Recently the group has decided to integrate the ERPD process with the regional liquidity support facility, called the Chiang Mai...
Persistent link: https://www.econbiz.de/10003554773