International Currency Experience: New Lessons and Lessons Relearned

Maurice Obstfeld · Rudiger W. Dornbusch · Ronald I. McKinnon

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Global Financial Crisis and Policies Monetary Policy and Economic Impact Economic Theory and Policy

Abstract

Maurice Obstfeld, Rudiger Dornbusch, Ronald McKinnon, International Currency Experience: New Lessons and Lessons Relearned, Brookings Papers on Economic Activity, Vol. 1995, No. 1, 25th Anniversary Issue (1995), pp. 119-220

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References

1977Rules Rather than Discretion: The Inconsistency of Optimal Plans 1996Staggered Prices in a Utility-Maximizing Framework 1983Empirical exchange rate models of the seventies 1985The Optimal Degree of Commitment to an Intermediate Monetary Target 1964The Purchasing-Power Parity Doctrine: A Reappraisal 1979A Model of Balance-of-Payments Crises 1964Theoretical Notes on Trade Problems 1981A Positive Theory of Monetary Policy in a Natural-Rate Model

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1995Do We Need an International Lender of Last Resort?2000Exchange Rate Regimes in an Increasingly Integrated World Economy 1997The Scope for Inflation Targeting in Developing Countries 2003Sustainable Regimes of Capital Movements in Accession Countries 2007Currency crisis contagion and the identification of transmission channels 1997Banks and macroeconomic disturbances under predetermined exchange rates

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