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The Name of the Game Is Money — But the Disputes Are about Where the Jobs Are

In: The New International Money Game

Author

Listed:
  • Robert Z. Aliber

    (University of Chicago)

Abstract

International finance is a game with two sets of players: one set includes the politicians and bureaucrats and the central bankers in different countries and the other set includes the chief financial officers and treasurers of giant, large, medium-large, medium, medium-small, and small firms and banks and hedge funds, and other financial institutions. The government officials want to win elections and secure a niche in the histories of their countries for enhancing economic well-being and financial stability. The cliché is ‘good jobs at good wages.’ A few aspire to get their portraits on the national currency. And to do so, they want to manage their economies to provide more and better-paying jobs and greater financial security for their voters. These officials want to avoid sharp increases in inflation rates and sharp declines in the prices of their currencies.

Suggested Citation

  • Robert Z. Aliber, 2011. "The Name of the Game Is Money — But the Disputes Are about Where the Jobs Are," Palgrave Macmillan Books, in: The New International Money Game, edition 0, chapter 2, pages 17-32, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24672-0_3
    DOI: 10.1057/9780230246720_3
    as

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