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Global Imbalances and the Lessons of Bretton Woods (Cairoli Lectures)
Barry Eichengreen
[PDF.ow82] Global Imbalances and the Lessons of Bretton Woods (Cairoli Lectures)
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| #1539340 in eBooks | 2010-01-22 | 2010-01-22 | File type: PDF||1 of 1 people found the following review helpful.| Good Start, but Dated: Should be Updated to Incorporate Recent Monetary Developments.|By cjrunner|Rather boring and ultra academic with too many end notes. Chapter 3, titled "How to Exit a Currency Peg: Japan and the End of The Bretton Woods System" presents, but does not derive, time-series regression analysis equations that are supposed to model and predict what will happen t|||Eichengreen's book should be the starting point for the debate about what will happen after the inevitable end of an unsustainable system. With this and his many other books, Eichengreen has established himself as one of the most important voices in that deba
In Global Imbalances and the Lessons of Bretton Woods, Barry Eichengreen takes issue with the argument that today's international financial system is largely analogous to the Bretton Woods System of the period 1958 to 1973. Then, as now, it has been argued, the United States ran balance of payment deficits, provided international reserves to other countries, and acted as export market of last resort for the rest of the world. Then, as now, the story contin...
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