The revived Bretton Woods system
the effects of periphery intervention and reserve management on interest rates and exchange rates in center countries
Our rough guess is there are 2,500 words in this book.
At a pace averaging 250 words per minute, this book will take 0 hours and 10 minutes to read. With a half hour per day, this will take 1 days to read.
How long will it take you?
This book will take an estimated to read at a reading speed averaging words per minute. With 30 minutes per day, this will take to read.
Enter your reading speedYou can take one of our WPM reading speed tests to find your reading speed.
Create a free account to track your reading progress, build your reading list, and set reading goals.
Author
Contributions
- Folkerts-Landau, D. F. I. 1949- - Contributor
- Garber, Peter M. - Contributor
- National Bureau of Economic Research. - Contributor
Publication
2004 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
2,500 words, Guess
Page Count
10 pages
Identifiers
- OCLC Control Number54884303
- Open LibraryOL17619573M
Classifications
- LCCHB1
Description
"In this paper we explore some implications of the revived' Bretton Woods system for exchange market intervention and reserve management in periphery countries. Financial policies in these countries are seen as a component of a more general portfolio management policy in which the formation of an efficient domestic capital stock is a key objective. Because intervention in financial markets is an important part of their development strategy, intervention in exchange and financial markets has, and we argue will continue to be, large and persistent enough to generate predictable deviations of exchange rates and relative yields in industrial country financial markets from normal cyclical patterns. We argue that management of the currency composition of international reserves by emerging market governments and central banks is unlikely to alter these conclusions"--National Bureau of Economic Research web site.
Subjects
Series Statement
- NBER working paper series -- no. 10332.
- Working paper series (National Bureau of Economic Research) -- working paper no.10332.
Links
Reader Reviews
No reviews yet for this book.
Be the first to share your thoughts!