Bretton Woods: Birth of a Monetary System. By Armand Van Dormael. New York: Holmes and Meier, 1978. Pp. xi, 322. $21.00. - Floating Exchange Rates and National Economic Policy. By Stanley W. Black. New Haven: Yale University Press, 1977. Pp. xvii, 204. $12.95.

1979 ◽  
Vol 39 (3) ◽  
pp. 854-856
Author(s):  
Charles P. Kindleberger
1979 ◽  
Vol 45 (3) ◽  
pp. 992
Author(s):  
William B. Stronge ◽  
Stanley W. Black

Economica ◽  
1979 ◽  
Vol 46 (183) ◽  
pp. 314
Author(s):  
Michael Beenstock ◽  
Stanley W. Black

1978 ◽  
Vol 56 (3) ◽  
pp. 670
Author(s):  
William Diebold ◽  
Stanley W. Black

2009 ◽  
Vol 55 (1) ◽  
pp. 18-27
Author(s):  
Bernard Decaluwé

It is now recognized that a viable international monetary system must rest on a combination of only two of the following three principles: (1) respect of the national economic policies, (2) free convertibility of currencies, (3) fixed parities with gold and the dollar. The author emphasizes some arguments against flexible exchange rates. He concludes that the present international monetary system has resolved the fundamental ambiguity of the Bretton Woods system by permitting flexibility of exchange rates.


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