The International Monetary System: Essays in World Economics

These essays on the international monetary system continue Richard Cooper's investigation of world economics begun in his first volume, of collected essays, Economic Policy in an Interdependent World. Cooper evaluates the criticism that nations today have poor economic policies and proposes that a system of more sharply defined rules could impose constructive discipline on national economic policies. He discusses trade restrictions, exchange rate management, international payments, and the possibility of establishing a common currency for the industrial democracies. Richard N. Cooper is Maurits C. Boas Professor of International Economy at Harvard University