Reference Rates and the International Monetary System

by John Williamson

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