Abstract
This paper addresses several fundamental issues raised by recent developments in the world economy and considers their implications for the design and functioning of the international monetary system. We do not make any proposals. Our purpose instead is to identify factors that merit attention in any serious examination of the system.
Reprinted from Cato Journal 8 (Fall 1988): 285–306.
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Frenkel, J.A., Goldstein, M. (1989). The International Monetary System: Developments and Prospects. In: Dorn, J.A., Niskanen, W.A. (eds) Dollars Deficits & Trade. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-1288-0_5
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DOI: https://doi.org/10.1007/978-94-017-1288-0_5
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