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Gold and International Monetary Stability     Gold  International Monetary Stability  exchange rate stability       font style='font-size:12px;'> 2008/12/17
In this paper I shall consider three aspects of the problem of international monetary stability, by which I mean exchange rate stability: (1) Under what conditions is exchange rate stability possibl...
Economic Calculation and Monetary Stability     Economic Calculation  Monetary Stability       font style='font-size:12px;'> 2008/12/17
My thesis will be that monetarists, while their criticism ofthe Fed’s expansionist history has been most welcome and has been instrumental in the struggle against inflation, do not go far enough. In...
DOMESTIC STABILITY VERSUS EXCHANGE RATE STABILITY     EXCHANGE RATE  DOMESTIC STABILITY       font style='font-size:12px;'> 2008/12/3
Purchasing Powers and Exchange Rates In accepting the title assigned for this paper, I do not mean to agree that the two stabilities necessarily conflict. Often, to be sure, they do. Countries that...
Political and economic restructuring—perestroika—is sweeping the world, Entire political systems are being restructured. Economic restructuring is occurring at the country, industry, and firm levels...
In a series of recent papers, De Long and Summers (1986, 1988) argued that “increased wage and price flexibility can easily be destabilizing because of the Mundell effect.” They also suggested that ...
PRIVATE FORECASTING AND GOVERNMENT POLICY STABILITY     PRIVATE FORECASTING  GOVERNMENT POLICY STABILITY       font style='font-size:12px;'> 2008/11/25
PRIVATE FORECASTING AND GOVERNMENT POLICY STABILITY
THE SEARCH FOR MACROECONOMIC STABILITY:COMMENT ON SUMNER     MACROECONOMIC STABILITY  BFH system  free banking       font style='font-size:12px;'> 2008/11/22
In a recent issue of the Cato Journal, Scott Sumner (1991) discussed the development of proposals to stabilize economic aggregates. He described early proposals to stabilize the price level by using...
The subject offinancial reformin Japan andits impact on the global economy is one that intrigues not only the Japenese but foreign observers as well. What has happened to the financial presence of ...
Recent literature thatmakes the case for the elinunation of government regulation of a banking system rests on a variety of theoretical propositions. Each of these propositions, addressing the quest...
How TO ESTABLISH MONETARY STABILITY IN ASIA     MONETARY STABILITY  financial crisis  International Monetary Fund       font style='font-size:12px;'> 2008/11/17
The International MonetaryFund failedto anticipate Asia’s financial crisis. Then, to addinsult toinjury, the IMF misdiagnosed the patient’s malady and prescribed the wrong medicine. Not surprisingly...
Many international financial transactions occur in a realm that is close to anarchy. While numerous committees and organizations attempt to coordinate domestic regulatory policies and negotiate inte...
ACHIEVING MONETARY STABILITY AT HOME AND ABROAD     Economic growth  monetary policy  MONETARY STABILITY       font style='font-size:12px;'> 2008/11/11
Economic growth is no accident;it needs an environment of secure property rights, openness to trade, reliance on markets, and monetary stability. Since 1982, the United States has enjoyed relatively...
INCREASING ECONOMIC GROWTH AND STABILITY IN EMERGING MARKETS     economic goals  EMERGING MARKETS  ECONOMIC GROWTH       font style='font-size:12px;'> 2008/11/10
Ownership, Growth, and Stability The Bush administration’s emerging market strategy is an interrelated part of our overall international economic agenda. The agenda focuses on two goals: increasing...
BANKING STABILITY AND THE BASEL CAPITAL STANDARDS     BANKING STABILITY  CAPITAL STANDARDS  BASEL       font style='font-size:12px;'> 2008/11/10
In thinking about bank stability and the Basel Accord, rather than concentrating on whether the Basel Committee has gotten every little detail of the new Accord right—a task that can greatly affect ...
THE STABILITY AND GROWTH PACT:ITS ROLE AND FUTURE     GROWTH PACT  European Monetary Union  STABILITY  member countries       font style='font-size:12px;'> 2008/11/7
When, some years ago, a group of European countries decided to establish a European Monetary Union that would have a common currency and a European Central Bank, it faced the reality of significant ...

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