Book

Blueprints for Exchange Rate Management

Based on a CEPR conference on 'International Regimes and Macroeconomic Policy', this book addresses the growing debate over proposals for international monetary reform and the tentative attempts, for example at the Louvre and Plaza accords, to acheive greater coordination of macroeconomic policies. The first section draws lessons from the experience of the interwar Gold Standard, the Bretton Woods system and the EMS. Four papers examine the theoretical issues underlying the design of coordinated economic policies; contributors explore the use of commodity prices as indicators of inflationary pressures, and analyse exchange rate target bands using concepts first developed in the financial literature. The final chapters present empirical evaluations of the performance of alternative exchange rate regimes, adding to the existing literature on the design of and gains from coordinated economic policies.

Citation

Miller, M, R Portes and B Eichengreen (eds) (1991), ‘Blueprints for Exchange Rate Management‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management

Citation

Miller, M, P Weller and J Driffill (1991), ‘Excahange-rate bands and realignments in a stationary stochastic setting‘, in Miller, M, R Portes and B Eichengreen (eds), Blueprints for Exchange Rate Management, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management

Citation

Miller, M, R Portes and B Eichengreen (1991), ‘Editors' introduction: Blueprints for Exchange Rate Management‘, in Miller, M, R Portes and B Eichengreen (eds), Blueprints for Exchange Rate Management, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management

Citation

Giovannini, A and B Eichengreen (1991), ‘How do fixed-exchange-rate regimes work? Evidence from the gold standard, Bretton Woods and the EMS‘, in Miller, M, R Portes and B Eichengreen (eds), Blueprints for Exchange Rate Management, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management

Citation

Turner, P and S Broadberry (1991), ‘Monetary interdependence and deflation in Britain and the United States between the wars‘, in Miller, M, R Portes and B Eichengreen (eds), Blueprints for Exchange Rate Management, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management

Citation

Rankin, N and G Alogoskoufis (1991), ‘Stabilization policy, fixed echange rates and target zones‘, in Miller, M, R Portes and B Eichengreen (eds), Blueprints for Exchange Rate Management, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management

Citation

Hook, A, D Walton and J Boughton (1991), ‘Commodity price indicators: A case for disrection rather than rules‘, in Miller, M, R Portes and B Eichengreen (eds), Blueprints for Exchange Rate Management, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management

Citation

Vines, D and J Boughton (1991), ‘Policy assignment strategies with somewhat flexible exchange rates‘, in Miller, M, R Portes and B Eichengreen (eds), Blueprints for Exchange Rate Management, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management

Citation

Williamson, J, S Wren-Lewis and D Currie (1991), ‘A comparative of alternative regimes for international macropolicy coordination‘, in Miller, M, R Portes and B Eichengreen (eds), Blueprints for Exchange Rate Management, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management

Citation

Wren-Lewis, S and P Minford (1991), ‘Exchange-rate regimes and policy coordination‘, in Miller, M, R Portes and B Eichengreen (eds), Blueprints for Exchange Rate Management, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management

Citation

Levine, P, A Hughes Hallett, G Hutson and G Holtham (1991), ‘Exchange-rate targetting as surrogate international cooperation‘, in Miller, M, R Portes and B Eichengreen (eds), Blueprints for Exchange Rate Management, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management

Citation

Van Der Ploeg, F, J Gaines, P Levine and D Currie (1991), ‘The use of simple rules for international policy agreements‘, in Miller, M, R Portes and B Eichengreen (eds), Blueprints for Exchange Rate Management, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/blueprints-exchange-rate-management