Date of Original Version
1982
Type
Response or Comment
Published In
Exchange Rate Policy, (eds.) R.A. Batchelor and G.E. Wood, Macmillan, London 1982
Abstract or Table of Contents
Jacob Frenkel's paper assesses the operation of the international monetary system, after almost a decade of floating, Frenkel studies the performance of three exchange rates the dollar-pound, dollar-French franc, and dollar-mark rates-in the years of turbulence that followed the closing of the U.S. gold window. The period includes the two oil shocks and ends with the institutionalization of chaos in Iran.