Monetary Conditions For Economic Recovery (financial And Monetary Policy Studies) (volume 11)

An international symposium on Monetary Conditions for Economic Recovery was organised in Amsterdam from 14-16 November 1984 by the Department of Macroeconomics, Faculty of Economics of the University of Amsterdam, to honour its distinguished member, Professor G. A. Kessler, who had recently retired from his Chair of Monetary Econo­ mics. Experts on monetary theory and monetary policy from various parts of the world took part in the discussions on both the theoretical and practical aspects of the theme. The papers have been collected in this volume. Our debts in organizing the symposium and preparing this volume for publication are many. The symposium was financed through the support of a number of sponsors whose names have been listed on the next page. The Netherlands Bank accommodated the conference sessions. The organizing Committee owes much to the successful efforts of its members Jean Morreau, Casper van Ewijk and Annette Deckers. We are grateful to the President of the Netherlands Bank for his intro­ ductory speech on the work of Professor Kessler, which is included in this volume. Wouter Zant assisted in editing the volume for publication. An international symposium on Monetary Conditions for Economic Recovery was organised in Amsterdam from 14-16 November 1984 by the Department of Macroeconomics, Faculty of Economics of the University of Amsterdam, to honour its distinguished member, Professor G.A. Kessler, who had recently retired from his Chair of Monetary EconoƯ mics. Experts on monetary theory and monetary policy from various parts of the world took part in the discussions on both the theoretical and practical aspects of the theme. The papers have been collected in this volume. Our debts in organizing the symposium and preparing this volume for publication are many. The symposium was financed through the support of a number of sponsors whose names have been listed on the next page. The Netherlands Bank accommodated the conference sessions. The organizing Committee owes much to the successful efforts of its members Jean Morreau, Casper van Ewijk and Annette Deckers. We are grateful to the President of the Netherlands Bank for his introƯ ductory speech on the work of Professor Kessler, which is included in this volume. Wouter Zant assisted in editing the volume for publication Front Matter....Pages I-X Opening Address....Pages 1-5 Introduction....Pages 7-18 Front Matter....Pages 19-19 What Role for Monetary Policy Today?....Pages 21-38 U.S. Monetary Policy in Recent Years: an Overview....Pages 39-58 Monetary Control — the British Experience....Pages 59-84 Monetary Control: The German Experience....Pages 85-93 Monetary Control: The Dutch Experience....Pages 95-125 Front Matter....Pages 127-127 International Monetary Policy to Promote Economic Recovery....Pages 129-160 European Monetary Cooperation and Financial Stability....Pages 161-186 The Optimal Exchange-Rate System and Its Significance for Economic Recovery....Pages 187-220 Policies and Responsibilities of the International Monetary Fund: Back to Basics....Pages 221-240 Front Matter....Pages 241-241 Lessons of the Monetarist Experiment....Pages 243-262 The Significance of Recent Experience with Monetary Policy in Shaping Future Economic Policy....Pages 263-277 Monetary Conditions for Economic Recovery; The Dutch Perspective....Pages 279-311 Monetary Conditions for Economic Recovery: The International Perspective....Pages 313-338 Back Matter....Pages 339-339