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Coordinating International Payments and Incomes

In: International Money and the Real World

Author

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  • Paul Davidson

    (University of Tennessee)

Abstract

A fundamental argument developed in this volume is that any balance of payments problem can be resolved more easily via internationally coordinated incomes and exchange rate policies designed to achieve the maximum degree of stickiness in flow-supply prices (and hence incomes claims). To enunciate this as a guiding principle is relatively easy. To transfer this principle into the arena of practical policies which are acceptable is more difficult, but not impossible.

Suggested Citation

  • Paul Davidson, 1992. "Coordinating International Payments and Incomes," Palgrave Macmillan Books, in: International Money and the Real World, edition 0, chapter 13, pages 248-250, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37809-4_13
    DOI: 10.1057/9780230378094_13
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