Abstract
A central difficulty in writing on the international financial and monetary system during March 1978 is that one must avoid the Scylla of getting lost in the very latest crisis, but also the Charybdis of assuming away the post-1971 experience, expecting that the future of the world economy will be similar to the 1959–71 ‘golden age’.
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References
Branson, W. H. (1976) ‘Asset Markets and Relative Prices in exchange Rate Determination’, Seminar Paper no. 66, (University of Stockholm, Institute for International Economic Studies, December).
Calvo, G. and Rodriguez, C. (1977) ‘A Model of Exchange Rate Determination under Currency Substitution and Rational Expectations’, Journal of Political Economy, June.
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Whitman, M. (1975) ‘Global Monetarism and the Monetary Approach to the Balance of Payments’, Brookings Papers on Economic Activity, 3.
Williamson, J. (1977) The Failure of World Monetary Reform, 1971–74 (New York University Press).
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© 1982 Ricardo Ffrench-Davis and Ernesto Tironi
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Díaz-Alejandro, C.F. (1982). International Finance: Issues of Special Interest for Developing Countries. In: Ffrench-Davis, R., Tironi, E. (eds) Latin America and the New International Economic Order. St Antony’s / Macmillan Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05694-1_2
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DOI: https://doi.org/10.1007/978-1-349-05694-1_2
Publisher Name: Palgrave Macmillan, London
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