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Policy for a Civilized Global Economy: Whose International Debt and Currency Crisis is it Anyway?

In: Economics for a Civilized Society

Author

Listed:
  • Greg Davidson

    (National Aeronautics and Space Administration (NASA))

  • Paul Davidson

    (University of Tennessee)

Abstract

Near the end of World War H, economists representing the Allied nations met in Bretton Woods, New Hampshire to plan a postwar international monetary community. Basic to the civilized scheme developed at Bretton Woods was a belief that the nations of the world should be united via a fixed exchange rate system where the value of one nation’s currency in terms of another rarely changed. For example, if one could be assured of always being able to exchange one US dollar for 90 Japanese yen, we would have a fixed exchange rate between dollars and yen.

Suggested Citation

  • Greg Davidson & Paul Davidson, 1996. "Policy for a Civilized Global Economy: Whose International Debt and Currency Crisis is it Anyway?," Palgrave Macmillan Books, in: Economics for a Civilized Society, edition 0, chapter 10, pages 179-209, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37487-4_10
    DOI: 10.1057/9780230374874_10
    as

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