International Monetary System: A Time of Turbulence

This landmark collection brings together leading economists to dissect the turbulence rattling global finance in the wake of Bretton Woods, exchange rate volatility, dollar depreciation, inflation, and the murky growth of the Eurocurrency market, offering readers a rigorous, insider's look at how purchasing power parity, reserve requirements, and competing monetary policies shaped the fight to stabilize the international monetary system, and why those same fault lines still shadow foreign exchange markets today.

This volume presents the edited proceedings of a conference sponsored by the American Enterprise Institute.