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Economic policy in the short run under fixed exchange rates

Published online by Cambridge University Press:  17 August 2016

Alfred Steinherr
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Extract

As was to be expected, the last conference of the International Monetary Fund at Nairobi has not lead to an immediate and major reform of the international monetary system. What has become clear, however, is that the major trading countries envisage a system of fixed exchange rates for the future with the proviso of more frequent adjustments. The present state of floating exchange rates may therefore be considered as transitory and the fixed exchange rate system retains the primary interest of investigation.

Type
Research Article
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 39 , Issue 4 , December 1973 , pp. 419 - 436
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1973 

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