Title

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

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

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Full-text Version

Publisher’s Version

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