Dollars Deficits & Trade

Front Matter....Pages i-xi
Introduction....Pages 1-27
Front Matter....Pages 29-29
Current Perspectives on Monetary Policy....Pages 31-38
Domestic Stability Versus Exchange Rate Stability....Pages 39-62
On Monetary Stability and Monetary Reform....Pages 63-85
Front Matter....Pages 87-87
The International Monetary System: Developments and Prospects....Pages 89-110
Toward an International Commodity Standard?....Pages 111-145
An International Gold Standard without Gold....Pages 147-188
Front Matter....Pages 189-189
Key Exchange Rate Regimes: A Constitutional Perspective....Pages 191-206
Trade and Investment under Floating Rates: The U.S. Experience....Pages 207-235
Transmission of Real and Monetary Disturbances under Fixed and Floating Exchange Rates....Pages 237-261
The European Monetary System: How Well Has It Worked?....Pages 263-292
Should Floating Continue?....Pages 293-301
Front Matter....Pages 303-303
The Uneasy Relation between the Budget and Trade Deficits....Pages 305-328
Dollars and Deficits: Substituting False for Real Problems....Pages 329-349
Do Trade Deficits Matter?....Pages 351-362
The U.S. Net International Investment Position: Misstated and Misunderstood....Pages 363-394
Front Matter....Pages 395-395
How Strong Is the Case for International Coordination?....Pages 397-422
Economic Policy for a Stable World Order....Pages 423-431
Back Matter....Pages 433-443