The Merits of Flexible Exchange Rates: An Anthology

by Leo Melamed

This anthology of significant writings by eminent economists is, in part, a critique of the Bretton Woods system of fixed exchange rates, which was very successful at the time it was instituted but which, because of its rigidity, failed in the end to address the economic problems of the post-war era. The authors suggest that the stock market crash of 1987 might not have occurred if market forces had been allowed simply to run their course in the absence...

• Format: Paperback
• Language: English
• ISBN: 091396915X
• ISBN13: 9780913969151
• Release Date: December 1988
• Publisher: University Press of America
• Length: 450 Pages