An analysis of the operation and consequences of exchange rate regimes in an era of increasing international interdependence. The exchange rate is sometimes cal

Combining critical perspectives with a positive contribution to economic policy, both national and international, this book considers the causes and consequence

The international monetary system, and the disparate systems that make it up, are complex and there are many fallacies surrounding the ways in which they work.

Growing global imbalances threaten to induce a collapse of the dollar, which could in turn produce a severe recession in the rest of the world. This crisis coul