Approaches to Greater Flexibility of Exchange Rates
The Bürgenstock Papers
- 452 pages
- English
- PDF
- Available on iOS & Android
Approaches to Greater Flexibility of Exchange Rates
The Bürgenstock Papers
About this book
This volume contains the papers presented and comments made at two conferences on the controversial subject of greater flexibility of exchange rates. The first of the conferences was held at Oyster Bay, New York, early in 1969, the second at Bürgenstock, Switzerland, in the summer of 1969. One half of the 40 conferees were academic economists, the others were practitioners of the foreign exchange markets, mostly bankers and a few executives of international business firms. Both the opposition to greater flexibility of exchange rates and the advocacy of more flexible systems are represented in these papers. The contrast between fixed or jumping exchange rates and gliding exchange rates is clearly described and the various systems of increased flexibility, such as the "wider band" and the "crawling peg," are explained and examined.
Originally published in 1970.
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Information
Table of contents
- Cover
- Contents
- Preface, George Ν. Halm
- Part I. Introduction
- Part II. The Case for Greater Flexibility of Exchange Rates
- Part III. The Case Against Flexible Exchange Rates
- Part IV. Practical Proposals and Suggestions for Implementation
- Part V. Exchange-Rate Flexibility and the Forward Market
- Part VI. Potential Impact of Exchange-Rate Flexibility on Different Countries or Groups of Countries
- Part VII. Miscellany
- Contributors
- Index