International Banking and World Economic Growth: The Outlook for the Late 1980s

International Banking and World Economic Growth: The Outlook for the Late 1980s

International Banking and World Economic Growth: The Outlook for the Late 1980s

International Banking and World Economic Growth: The Outlook for the Late 1980s

Synopsis

This collection of essays examines the world monetary system in terms of its institutions and mechanisms and their relationship to liquidity, exchange rates, credit creation, trade, and growth. Practicing professionals, academics, and all those interested in monetary theory will find this volume to be an excellent reference on questions of policy relating to international banking, world monetary system, and world economic growth in the late 1980s.

Excerpt

The world monetary and trading systems have been strained in recent years. the strains have held back the ability of the world economy to achieve desirable rates of growth. the slowing down of the growth has occurred just when integration of money, banking, and capital markets has advanced to the point that they are global. the communications and computer technologies, and liberalization and deregulation of financial markets, in conjunction with the forces of competition have made financial and commodity markets in one economy highly sensitive to developments in others. the opportunities and challenges of steering the world economy toward growth without major disturbances in this new, interlinked environment are explored here.

Conference theme

The Conference on International Banking, third in a series that began in 1983, focused on the world monetary system and its role in world economic growth. the Conference was called to examine and analyze the changes taking place, the strains the monetary system has produced and has been subjected to, and the management of that change for a more suitable monetary and financial environment.

An improved monetary and financial system should serve more balanced growth of trade, payments, and income in the world economy. the Conference invited renowned experts and practitioners to address the key issues in two broad areas concerning the world financial markets: (1) the international financial system and (2) exchange rates, capital flows and trade. the edited versions of all the papers and transcripts of remarks from prepared notes are included in this book. the questions and answers in the three sessions are also printed in their entirety, as they not only indicate the interaction of a conference but also highlight issues of importance to the conference participants.

International monetary system

The recurring question regarding reform of the . . .

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