Towards a new international monetary order : the world currency unit and the global indexed bonds
Document Type
Journal article
Source Publication
The World Economy
Publication Date
7-1-2000
Volume
23
Issue
7
First Page
939
Last Page
950
Publisher
Wiley-Blackwell Publishing Ltd.
Abstract
Instability in currency markets has caused large interest rate swings and is capable of causing great damage to regional economies as well as the global economy. It is against this background that the controversial “Tobin tax” on foreign exchange transactions was proposed (Tobin, 1978). It is also against this background that when Malaysia introduced foreign exchange control he found sympathy in a mainstream economist, namely Paul Krugman (1998).
DOI
10.1111/1467-9701.00310
Print ISSN
03785920
E-ISSN
14679701
Publisher Statement
Copyright © Blackwell Publishers Ltd 2000
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Ho, L. S. (2000). Towards a new international monetary order: The world currency unit and the global indexed bond. The World Economy, 23(7), 939-950. doi: 10.1111/1467-9701.00310