TARGETING EXCHANGE RATES
Tema(s): En: Financial Times 26 nov. 1998, p. 15Resumen: Target zones for exchange rates, are back on the agenda. Oskar Lafontaine, the new German finance minister, thinks they are essential. Wim Duisenberg, president of the European Central Bank, thinks they are undesirable, to which Alan Greenspan, chairman of the US Federal Reserve, adds that they are infeasible. So who is right? "The central bankers" is the correct answer. Two arguments can be advanced for trying to manage exchange rates more actively. The more important is that floating exchange rates have proved damagingly unstable and unpredictable. The more immediate is that the arrival of the euro will create a rival to the dollar for the first time for 70 years. The result could then be still greater instability.| Tipo de ítem | Biblioteca actual | Signatura | Info Vol | Estado | Fecha de vencimiento | Código de barras | |
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Analítica de Seriada
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BIBLIOTECA ECONÓMICA BCE - QUITO | RESUM-017378 (Navegar estantería(Abre debajo)) | Financial Times. 26 nov. 1998, p. 15 | Disponible |
Target zones for exchange rates, are back on the agenda. Oskar Lafontaine, the new German finance minister, thinks they are essential. Wim Duisenberg, president of the European Central Bank, thinks they are undesirable, to which Alan Greenspan, chairman of the US Federal Reserve, adds that they are infeasible. So who is right? "The central bankers" is the correct answer. Two arguments can be advanced for trying to manage exchange rates more actively. The more important is that floating exchange rates have proved damagingly unstable and unpredictable. The more immediate is that the arrival of the euro will create a rival to the dollar for the first time for 70 years. The result could then be still greater instability.
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