4 articles in this issue
A. MADDISON
Within the period of modern economic growth, there have been distinct and important phases of development. Such phases have characteristics which put constraints on the performance of individual countries, whether they be fast or slow growing. The present... see more
U. SACCHETTI
The work deals with the reform of the International monetary system, the end result of four years of laborious negotiations. The author agrees with the majority of commentators that relatively little has been accomplished. He differs from them, however, i... see more
J. WILLIAMSON
The paper addresses the question of whether it might be more feasible to replace the dollar-reserve system by a gold-reserve system than it was to replace it by an SDR system. The author first outlines some salient features of the present monetary status ... see more
J.S. DREYER,J.F. KYLE
In the recent literature on the appropriate structure for an international monetary system characterised by either adjustable-peg or gliding-peg exchange rates, a great deal of attention has been placed on the concept of the pivot. the present work seeks ... see more