The papers included in this volume were presented at a conference sponsored by the Federal Reserve Bank of Boston in October 1969.

Contents

Entire Proceedings (8.8MB)

Foreword
Frank E. Morris

Panel: The International Adjustment Mechanism

Richard E. Caves
Milton Friedman
Milton Gilbert
Gottfried Haberler Robert Solomon

Stabilizing the Present International Payments System
Sir Maurice H. Parsons, with discussion by Robert Triffin

Flexible Exchange Rates: A Transition Plan
William Poole, with discussion by Eli Shapiro

The Case for Fixed Exchange Rates, 1969
Charles P. Kindleberger, with discussion by Milton Friedman

Widening the Band for Permissible Exchange Rate Fluctuations
George N. Halm, with discussion by Richard E. Caves

Flexing the International Monetary System: The Case for Gliding Parities
Richard N. Cooper, with discussion by J. Marcus Fleming

The Costs of Adjustment via Controls and an Alternative
Norman S. Fieleke, with discussion by Ralph C. Bryant