Evolution of the International and Regional Monetary Systems

Part 1 International co-ordination of economic policies - difficulties and perspectives: the international monetary system - pluralism and interdependance; whither macroeconomic policy coordination?, John Williamson; potential gains from and obstacles to international policy coordination, Robert Solomon; international central bank cooperation - what it can and cannot achieve, Alexandre Lamfalussy; experience and problems in international monetary policy coordination, Wolfgang Rieke. Part 2 Approaches to external disequilibria: approaches to managing external equilibria - where we are, where we might be headed, and how we might get there, Edwin M.Truman; the exchange rate and the trade balance - insular versus open economies, Ronald I.McKinnon; exchange rate volatility and misalignment - evaluating some proposals for reform, Jacob A.Frenkel and Morris Goldstein. Part 3 International and regional monetary problems: Robert Triffin and the reform of the international monetary system, Jacques de Larosiere; the future of international monetary relations, Michel Aglietta; monetary management in Latin America, Victor L.Urquidi; a proposal for "cooperative relief of debt in Africa", Jacques Dreze, Albert Kervyn, Jean-Philippe Platteau and Paul Reding. Part 4 European monetary integration: European monies and European monetary union, Tommaso Padoa Schioppa; is the European monetary system a DM-Zone?, Paul De Grauwe; ECU financial markets - recent evolution and perspectives, Alfred Steinherr and Jacques Girard.