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1 i (1986)

handle is hein.amenin/aeiabgx0001 and id is 1 raw text is: 











       Exchange Rate Targets

          Desirable or Disastrous?

                 John H. Makin, editor

How can international monetary stability best be achieved? Through
government intervention in setting exchange rates? Through greater
international coordination of economic policy? These and other ques-
tions confronting economic policy makers are discussed by:

  C. FRED BERGSTEN, Institute for International Economics
  JACOB FRENKEL, University of Chicago
  ROBERT D. HORMATS, Goldman, Sachs & Co.
  MANUEL H. JOHNSON, Federal Reserve
  THOMAS S. JOHNSON, Chemical New York Corporation
    and Chemical Bank
  JOHN H. MAKIN, American Enterprise Institute
  HERBERT STEIN, American Enterprise Institute

    In papers presented at an AEI conference on the eve of the 1986
meeting of the International Monetary Fund and the World Bank,
the contributors review the collapse of the Bretton Woods system
of fixed exchanges, the historic 1985 agreement by the Group of
Five, and the question of whether fixed or flexible exchange rates
or exchange rate target zones would best help to stabilize the inter-
national monetary system.
    John H. Makin is director of fiscal policy studies at the American
Enterprise Institute and a former professor of economics at the Univer-
sity of Washington. His most recent books include The Global Debt
Cisis: America's Growing Involvement (1984) and U.S. Fiscal Policy-Its
Effects at Home and Abroad (1986).


                                 US $12.00
                                   ISBN 13: 978-0-8447-3615-0
SBN 0-8447-36155                   ISBN 10:0-8447-3615 5
                                  ISBN0-844-361i151200



                                  19 78 0844 73615 011

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