The dilemmas of the dollar : the economics and politics of United States international monetary policy
| 000 | 00936camuuu200265 i 4500 | |
| 001 | 000000118561 | |
| 005 | 19981111100745.0 | |
| 008 | 750714s1975 nyua b 001 0 eng | |
| 010 | ▼a 74101654 //r92 | |
| 020 | ▼a 0814710018 : ▼c $30.00 | |
| 040 | ▼a DLC ▼c DLC ▼d m.c. | |
| 049 | 1 | ▼l 412336846 |
| 050 | 0 0 | ▼a HG3863 ▼b .B43 |
| 082 | 0 0 | ▼a 332.4/5/0973 |
| 090 | ▼a 332.45 ▼b B499d | |
| 100 | 1 | ▼a Bergsten, C. Fred, ▼d 1941- ▼w cn ▼0 AUTH(211009)113367 |
| 245 | 1 4 | ▼a The dilemmas of the dollar : ▼b the economics and politics of United States international monetary policy / ▼c C. Fred Bergsten. |
| 260 | ▼a [New York] : ▼b New York University Press, ▼c 1975. | |
| 300 | ▼a xv, 584 p. : ▼b tables ; ▼c 21 cm. | |
| 500 | ▼a "A Council on Foreign Relations book." | |
| 504 | ▼a Includes bibliographical references and index. | |
| 650 | 0 | ▼a Foreign exchange ▼z United States. |
| 650 | 0 | ▼a Balance of payments ▼z United States. |
| 650 | 0 | ▼a International economic relations. |
소장정보
| No. | 소장처 | 청구기호 | 등록번호 | 도서상태 | 반납예정일 | 예약 | 서비스 |
|---|---|---|---|---|---|---|---|
| No. 1 | 소장처 학술정보관(CDL)/B1 국제기구자료실(보존서고)/ | 청구기호 332.45 B499d | 등록번호 412336846 | 도서상태 대출가능 | 반납예정일 | 예약 | 서비스 |
컨텐츠정보
목차
CONTENTS Preface = xiii PartⅠ THE INTERNATIONAL MONETARY SYSTEM - MYTH AND REALITY = 1 1. THE UNITED STATES AND INTERNATIONAL MONETARY REFORM = 3 The Purpose of this Book = 3 The Plan of the Book = 7 2. THE ECONOMICS AND POLITICS OF INTERNATIONAL MONEY = 12 The Economics of International Money = 12 The Politics of International Money : National Goals = 19 The Politics of International Money : National Powers = 28 3. THE INTERNATIONAL MONETARY SYSTEM : PAST AND PRESENT = 46 Before 1914: The "Gold Standard" = 46 The Interview Period : A "Gold Exchange Standard" = 52 The Postwar Period = 62 The Tripartite Nature of the Postwar International Monetary System = 65 The Evolution of the Tripartite System = 79 PartⅡ THE INTERNATIONAL ROLE OF THE DOLLAR = 97 4. ATTRIBUTES OF A KEY CURRENCY : THE POLITICS = 99 The World Role = 101 The Decline of Dominance = 112 Foreign Cooperation = 118 Summary = 122 5. ATTRIBUTES OF A KEY CURRENCY : THE EXTERNAL ECONOMICS = 124 The Fundamental Requirement : Confidence in Convertibility = 124 The Liquidity Ratio = 138 The Balance-of-Payments Position = 152 The International Investment Position and the Balance-of-Payments Structure = 164 Summary = 172 6. ATTRIBUTES OF A KEY CURRENCY : THE INTERNAL ECONOMICS = 175 Economic Growth = 175 Price Stability = 178 The Domestic Economic Criteria : A Comparison National Size = 181 National Size = 182 Independence from External Constraints = 185 Savings Flows and Capital Markets = 191 Summary and Conclusions (of Chapters 4-6) = 197 7. THE DIRECT EFFECTS ON THE U.S. ECONOMY OF THE DOLLAR'S INTERNATIONAL ROLES = 203 The Direct Effect on Domestic Economic Policy = 204 Seigniorage = 209 The Banking Sector = 215 Other Direct Effects on the Balance of Payments = 220 Conclusion = 223 Welfare Effects = 225 Appendix : A Comparison with the United Kingdom = 229 8. THE THREAT FROM THE OVERHANG = 233 Actual Conversions from the Overhand : The Theory = 236 The Historical Record : U.S. Gold Sales and the Overhang = 246 U.S. Policy toward the Overhang in the Past = 257 Leverage = 266 Summary and Outlook = 269 9. THE DOLLAR AND ADJUSTMENT OF THE U.S. BALANCE OF PAYMENTS = 273 Slowing Growth = 278 The Policy Mix = 281 Incomes Policy = 286 Direct Controls on Current Account = 289 Direct Controls on Government Expenditure = 295 Capital Controls = 297 Exchange-Rate Changes = 304 Summary and Conclusion = 311 10. THE U.S. INTEREST IN THE INTERNATIONAL MONETARY SYSTEM = 315 The U.S. Economic Interest in an Effective System = 315 The Economic Interest of the United States in the World Economy = 319 The U.S. Political Interest = 329 The Impact of the Dollar in Achieving an Effective International Monetary System = 333 Systemic Political Problems = 337 Summary and Conclusion = 339 PartⅢ POLICY ALTERNATIVES AND REFORM PROPOSALS = 343 11. ELIMINATING THE DOLLAR = 345 Freely Flexible Exchange Rates = 347 The Gold Standard = 354 Adoption of an International Reserve Asset = 365 Replacement by a New Reserve Currency = 376 Eliminating the Intervention Currency Rate = 390 Eliminating the Transaction Currency Role = 393 Summary and Conclusions = 394 12. "CROWNING" THE DOLLAR = 398 A Dollar Standard by Force Majeure = 399 A Guaranteed Dollar Standard = 407 A Market-Determined Dollar Standard = 421 Summary and a Comparison = 428 13. INTERMEDIATE OPTION FOR CHANGING THE INTERNATIONAL ROLES OF THE DOLLAR = 430 Limited Flexibilityof Exchange Rates = 430 Limited Degrees of Flexibility = 431 Who Should Flex? = 456 Effects on Liquidity = 462 The Effects on the Dollar = 465 Political Considerations = 473 Limited Dollar Consolidation via an International Asset = 474 A New Alternative : Optional Consolidation = 476 A Multiple Reserve Currency System = 482 The Effect of the Dollar = 487 Summary and Conclusion = 488 14. THE NEED FOR REFORM OF THE INTERNATIONAL MONETARY SYSTEM = 491 The U.S. Interest in Monetary Reform = 499 The Relationship among the Specific Problems = 510 The Bases of Reform = 513 The Urgency of Action = 516 15. THE REFORM OF ADJUSTMENT AND LIQUIDITY = 518 Adjustment = 518 Greater Flexibility of Exchange Rates = 518 New Guidelines for Adjustment = 520 International Sanctions = 527 The Effects on the United States = 528 Full Flexibility = 531 The Reform of Liquidity = 531 The Growth of Reserves = 531 Consolidation of the Overhang = 535 The Terms of Consolidation = 539 The Composition of Future Reserve Growth = 543 "Crowning" SDRs = 545 Gold = 547 The Effect on the United States and Dollar Convertibility = 549 Flows of Liquid Capital = 550 16. THE NEW WORLD = 553 Index = 561