Recent Policy Essays

1. The International Monetary System

"The International Monetary System in the 21st Century: Could Gold Make a Comeback?" Center for Economic Policy Studies, St. Vincent College, Latrobe, PA. 1997 (Booklet).

"The European Monetary System 50 Years after Bretton Woods: A Comparison Between Two Systems." Siena: Monte dei Paschi di Siena. 1997.

"Jacques Rueff and the International Monetary System" in Actualité de la pensée de Jacques Rueff. Paris, 1997. Proceedings of a colloquium held on the centenary of the birth of Jacques Rueff, "Thursday, 7 November 1996, Paris.

"The Future of the Exchange Rate System," Economic Notes 26, no. 3, 1995: 35-66.

"Exchange Rate Systems and Economic Growth." Rivista di Politica Economica 85, no. 6 (June 1995):

"Prospects for the International Monetary System." Geneva: World Gold Council. 1994.

"International Monetary Options," The Cato Journal, vol. 3, no. 1, (Spring: 1983) 189-210

"The Future of the International Financial System," in Bretton Woods Revisited (eds. A. Acheson, J. Chant, M. Prachowny) Toronto: University of Toronto Press, 1972. 91-104

2. National Policy Choices

"Mexico: Requiem for a Crisis." Paper presented at the Bildner Center, CCNY, New York.

"Stabilization and Liberalization Policies in Semi-Open Economies." In Capital Controls, Exchange Rate and Monetary Policy in the World Economy (Sebastian Edwards, ed), Cambridge: Cambridge University Press 1995: 19-34.

"Stabilization Policies and Reform in Brazil," Paper presented at the World Bank/Getulio Vargas Foundation Conference on obstaculos ao Desenvolvimento do Setor Privado no Brasil in Sao Paolo, Brazil, November 18, 1993. Published in Portuguese and English in proceedings of the conference.

"The Revolution in Macroeconomic Policy," Exchange Rate Systems (Rolf Luders, ed.), San Francisco: International Center for Economic Growth. Forthcoming.

"Currency Boards, Fixed Exchange Rates and Monetary Discipline." In Nissan Liviatan (ed.) Proceedings of a Conference on Currency Substitution and Currency Boards. World Bank Discussion Papers # 207. Washington DC: The World Bank.

"The Spot Dollar and the Forward Yen," Nihon Keizai Shimbun (Japan Economic Journal) January 9, 1988. (In Japanese.)

"African Trade, Politics and Money." In Africa and Monetary Integration (ed. R. Tremblay). Montreal: Les Editions HRW. 1972: 11-67. Paper originally prepared for the United Nations Economic Commission for Africa (August 1970).

"The Choice of Monetary Systems: African Currency Problems." In Africa and Monetary Integration (ed. R. Tremblay). Montreal: Les Editions HRW. 1972: 363-368.

3. Supply-Side Economics, Unemployment and Tax Rates

"A Pro-Growth Fiscal System," in The Rising Tide: The Leading Minds of Business and Economics Chart a Course Toward Higher Growth and Prosperity (Jerry J. Jasinowski, ed.). New York: John Wiley & Sons, Inc. 1999: 195-205.

"Growth Paradigms and the Tax Structure" in Manufacturing Institute of the National Association of Manufacturers.

"Growth at 3.25%?" The International Economy.May-June 1996.

"The Unemployment Problem," Chairman's Remarks" in the Roundtable Session, "Policy Recommendations on the Unemployment Problem," Rivista di Politica Economica 83, No. 12: 367-369.

4. Transition Economies

"The International Impact of the Euro and its Implications for the Transition Countries," Paper prepared for the 4th Dubrovnik Conference on the Transition Economies. Forthcoming in Proceedings.

"Exchange Rate Arrangements in the Transition Economies," Proceedings of the Third Dubrovnik Conference on The Balance of Payments, Exchange Rates and Competitiveness in Transition Economies, Dubrovnik, Croatia, June 25-27,1997 (eds. M. Škreb and M. Blejer). Forthcoming Cambridge University Press.

"Money and Financial Market Reform in Transition Economies: The Special Case of China." In Capital Market and Banking Sector Reform in Transition Economies (Marko kreb and Mario Blejer, eds.). Cambridge: Cambridge University Press. Forthcoming, 1998. Proceedings of the Second Dubrovnik Conference on the Transition Economies.

"The Great Contractions." In Stabilization Policies in the Transition Economies (Marko kreb and Mario Blejer, eds).Cambridge: Cambridge University Press. 1997. Proceedings of the First Dubrovnik Conference on the Transition Economies.

"Inflation and Growth in the Transition Countries." In China's Inflation and Growth (M. Guitian and R. A. Mundell, ed.) Washington, DC: International Monetary Fund. 1996.

"Introduction" in China's Inflation and Growth (M. Guitian and R. A. Mundell, ed.) Washington, DC: International Monetary Fund. 1996: 1-22.

5. Optimum Currency Areas and the Euro

"Euro and the Stability of the International Monetary System." Paper prepared for the Conference in Luxembourg, December 3, 1998.

"EMU and International Monetary Reform," Paper prepared in honor for the Festschrift of Reimut Jochimsen, June 15, 1998. To be printed in the Festschrift Volume prepared by the Central Bank of Westphalia.

"Buenas perspectivas para el euro." Politica Exterior XII, Num. 63 (May/June) 1998: 11-26.

"The International Implications of the Euro," Revised version of Luncheon Speech presented at the National Bank of Austria Conference on the occasion of Austrian leadership, Vienna, May 8, 1998. Forthcoming in proceedings.

"What the Euro Means for the Dollar and the International Monetary System," Atlantic Economic Journal, 26, No. 3. 1998 (September): 227-237.

"The Impact of the Euro on the International Monetary System," The International Spectator XXXIII,No. 2. 1998 (April-June).

"Great Expectations for the Euro: Part I," Wall Street Journal March 24, 1998.

"Great Expectations for the Euro: Part II," Wall Street Journal, March 25, 1998.

"Making the Euro Work," Wall Street Journal, April 30, 1998.

"Money and the Sovereignty of the State," Paper prepared for the International Economic Association Conference in Trento, September 4-7, 1997. Forthcoming in the Cambridge University Press, edited by Axel Leijonhufvud.

"EMU, Economic Performance, and the Monetary Future of Europe," Paper presented at the 8th Villa Mondragone Conference, June 24-25, 1997. Forthcoming in Rivista di Politica Economica and St. Martin's/SIPA.

"Updating the Agenda for Monetary Reform" in Optimum Currency Areas (Mario I. Blejer, Jacob A. Frenkel, Leonardo Leiderman, and Assaf Razin, in cooperation with David M. Cheneyt, eds.). Washington, DC: International Monetary Fund. 1997: 29-48. Proceedings of a Festschrift Conference Sponsored by the IMF, the Central Bank of Israel, Tel Aviv University and the Hebrew University in honor of R. A. Mundell.

"Il Piano di parità lira-marco: entrare in Europa passando per Francoforte," (with Arrigo Sadun), Rivista di Politica Economica Anno LXXXVI-Serie III Fasciocolo VII-VIII (Luglio-Agosto) 1996: 121-41; "The Lira-Mark Parity Plan" (with Arrigo Sadun) Rivista di Politica Economica (September-October 1996. English version of (6).

"EMU and the International Monetary System." Paper presented at the CEPR conference on The Monetary Future of Europe, December 11-12, 1992, La Coruna, Spain. In The Monetary Future of Europe (Guillermo de la Dehesa, Alberto Giovannini, Manuel Guitian, Richard Portes, eds.). 1993. London: CEPR.