Working Papers

Working Paper 92
Exchange Rate Regimes Past, Present and Future

Michael D. Bordo, Josef Christl, Christian Just and Harold James

November 3, 2004

 

The opinions are strictly those of the authors and in no way commit the OeNB.


Editoral

This Working Paper contains a set of three papers which were presented at an international conference organized by the Oesterreichische Nationalbank in cooperation with the Reinventing Bretton Woods Committee, Vienna, June 20–22, 2004.
The papers by Michael Bordo and Harold James discuss exchange rate regimes issues from an international perspective. Michael Bordo takes the very long view starting out with the Gold Standard at the beginning of the 20th century, while Harold James’ focus is on the time of the Bretton Woods Regime.
Josef Christl and Christian Just discuss European Monetary Integration and look in a comparative way into the future. Are there any lessons to be drawn from the European experience?
We are confident that these papers make for interesting reading for academics and practitioners alike who are interested in this subject matter. The papers, together with the other contributions at the above mentioned conference, will be published in the Conference Proceedings. Useful comments by two anonymous referees are gratefully acknowledged.



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