Abstract
From the preceding discussion a menu of technically feasible plans emerges. Flexible exchange rates, the dollar standard McKinnon formulation, and the Modigliani-Kenen central bank appear to offer solutions to GES problems. A very tentative analysis of the economic effects of these plans suggested that they will increase world welfare. That is less obviously so in the case of the first plan than the latter two.
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© 1971 Grahame Walshe
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Walshe, G. (1971). Conclusions. In: International Monetary Reform. Macmillan Studies in Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-01039-4_6
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DOI: https://doi.org/10.1007/978-1-349-01039-4_6
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-11868-9
Online ISBN: 978-1-349-01039-4
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