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This book was first published in 1981.
Introduction PART 1: INTERNATIONAL MONEY 1. The benefits of international money 2. The politics of international money and world language 3. Time and money 4. The dollar and world liquidity: a minority view (with Emile Despres and Walter S. Salant) 5. An economist's view of the eurodollar market: two puzzles 6. The SDR as international money 7. The price of gold and the N - 1 problem 8 Money illusion and foreign exchange 9. The eurodollar and the internationalization of United States monetary policy PART 2: INTERNATIONAL PAYMENTS 10. The balance of payments as seen in the economic report of the President for 1966 11. Measuring equilibrium in the balance of payments 12. Germany's persistent balance-of-payments disequilibrium revisited 13. THe case for fixed exchange rates, 1969 14. Lessons for floating exchange rates PART 3: INTERNATIONAL CAPITAL MARKETS 15. Capital movements and international payments adjustment 16. The pros and cons of an international capital market 17. Less developed countries and the international capital market 18. Quantity and price, especially in financial markets 19. International financial intermediation for developing countries PART 4: TOWARD A NEW MONETARY WORLD ORDER 20. The international monetary system 21. Systems of international economic organization 22. Optimal economic interdependence
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- ID: 9780415382106
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