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A Proposed Agenda for Redesign

In: The Exhaustion of the Dollar

Author

Listed:
  • H. Peter Gray

    (Rutgers - the State University
    Rensselaer Polytechnic Institute)

Abstract

This chapter offers a broad-brush proposal for the development of an architecture for the international financial system in the post-transition period. The approach broadens the range of the concerns of the system to include all of the different components of the international flows of funds and, therefore, of international economic involvement.1 Independently of the reliance on managed global macrofinancial policies in the transitional system, the proposal given here rejects a purely laissez-faire structure and it also rejects a world-wide monolithic system. Ultimately, the design of such a large and complex undertaking must involve not only political feasibility or acceptance but it will also require a wide range of specialist expertise.

Suggested Citation

  • H. Peter Gray, 2004. "A Proposed Agenda for Redesign," Palgrave Macmillan Books, in: The Exhaustion of the Dollar, chapter 10, pages 162-171, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50020-4_10
    DOI: 10.1057/9780230500204_10
    as

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