Inflation, Exchange Rates, and the World Economy: Lectures on International Monetary Economics. W. M. Corden

1980 ◽  
Vol 88 (5) ◽  
pp. 1058-1061
Author(s):  
Ronald I. McKinnon
Keyword(s):  
Exchange Rates ◽  
World Economy ◽  
Monetary Economics ◽  
The World ◽  
International Monetary Economics

Conditional Currency Convertibility Based on Primary Commodities

2020 ◽  
pp. 61-84
Author(s):  
Jameel Ahmed ◽  
Patrick Collins ◽  
Ahamed Kameel Mydin Meera
Keyword(s):  
Exchange Rates ◽  
Financial Crises ◽  
World Economy ◽  
World Wide ◽  
National Currency ◽  
Market Forces ◽  
External Shocks ◽  
Mutual Exchange ◽  
Economic Instability ◽  
The World

Practical policies are urgently needed to enable countries to reduce their vulnerability to the damaging influence of the world-wide, debt-based money system, which is the underlying cause of economic instability and financial crises in the world economy. Due to its flexibility in response to market forces, the Grondona system of conditional currency convertibility based on primary commodities can be safely implemented independently by individual countries in terms of their national currency. This chapter introduces the Grondona system and describes simulations of how it might have operated over recent years in some countries, which show the stabilizing influence that it would have on the economy of implementing countries. It also explains how implementation by each of the D-8 countries would exert a stabilizing influence on their mutual exchange-rates, thereby facilitating their collective evolution into a currency “bloc”, and so strengthening them collectively against destabilization by external shocks.

The World Economy

2005 ◽  
Vol 192 ◽  
pp. 11-32
Keyword(s):  
North America ◽  
Exchange Rates ◽  
Current Account ◽  
Risk Premium ◽  
World Economy ◽  
Strong Growth ◽  
Current Account Deficits ◽  
The Us ◽  
The World ◽  
Major Shift

Growth in the world economy looks robust, with growth averaging over 4 per cent a year in the last 2 years and in the first two years of our forecast. Strong demand in North America is a major factor behind this growth, and it has been associated with increasing current account deficits for the US, as we can see in Chart 1. The emerging imbalances that this strong growth has produced present a major risk to the world economy as they may induce major realignments of exchange rates. We analyse the implications of a major shift in the risk premium on the dollar in Al-Eyd, Barrell and Pomerantz in this Review.

Inflation, Exchange Rates, and the World Economy.

1978 ◽  
Vol 10 (3) ◽  
pp. 391
Author(s):  
Gottfried Haberler ◽  
W. M. Corden
Keyword(s):  
Exchange Rates ◽  
World Economy ◽  
The World
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