J. Carter Murphy
The International Monetary System: Beyond the First Stage of Reform.
Washington, D.C.: American Enterprise for Public Policy Research, 1979. AEI Studies, 259. First edition. 0844733628 276 pages.
Softcover volume, measuring approximately 6.25" x 9.25", displays light shelfwear, with sunning to spine and upper edge of front cover. Binding is sound. Interior is clean and bright. Illustrated with graphs.
"...an analysis of recent experience and future opportunities with managed floating exchange rates. Murphy argues that flexible exchange rates can be made to work well only if governments keep their interventions in the foreign exchange markets small, if they employ monetary and fiscal policies judiciously, and if they coordinate internal policies so as to minimize their effects on domestic interest rates."