The changing international monetary system

Authors

  • L. DINI

DOI:

https://doi.org/10.13133/2037-3643/10791

Keywords:

International monetary system, exchange rates, foreign exchange markets

Abstract

 There is growing dissatisfaction with the current system of volatile exchange rates because exchange rate movements often do not reflect underlying economic conditions. The risk involved in international transactions remains high. Most countries prefer to peg their currencies to either a major currency or a currency basket. Uncoordinated economic policies and high mobility of funds across national borders are the main causes of exchange rate instability, and as a result there is a reasonable case for some form of management of foreign exchange rates. Major countries should consider the international effects of their economic policies and re-establish a sense of direction in the foreign exchange markets.

 

JEL: E42, F31

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Published

2013-10-17

How to Cite

DINI, L. (2013). The changing international monetary system. PSL Quarterly Review, 37(151). https://doi.org/10.13133/2037-3643/10791

Issue

Vol. 37 No. 151 (1984)

Section

Editorial

License

 
 
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