Reference Rates and the International Monetary System
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Growing global imbalances threaten to induce a collapse of the dollar, which could in turn produce a severe recession in the rest of the world. This crisis could force countries to say "never again" and search for a system to prevent similar disasters. The system that could do so is a reference rate system--where countries' authorities are forbidden from intervening in order to push the exchange rate too far from what is termed the "reference rate."...
Format:Paperback
Language:English
ISBN:0881324019
ISBN13:9780881324013
Release Date:April 2007
Publisher:Peterson Institute for International Economic
Length:104 Pages
Weight:0.30 lbs.
Dimensions:0.3" x 6.5" x 9.0"
Grade Range:Postsecondary and higher
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