1st Edition

Reforming the World Monetary System Fritz Machlup and the Bellagio Group

By Carol M Connell Copyright 2013
    288 Pages
    by Routledge

    288 Pages
    by Routledge

    Focusing on Fritz Machlup, Connell presents the story of the Bellagio Group and its contribution to modern finance. Initiated by Machlup the Bellagio Group was made up of thirty-two non-government academic economists. During the years between 1964 and 1977 the Group met eighteen times and made a series of recommendations for policymakers.

    Introduction; Chapter 1 A Crisis in Confidence; Chapter 2 Fritz Machlup, his Research and Methodology; Chapter 3 Robert Triffin and the Triffin Plan; Chapter 4 William Fellner and the Intersection of Macro and Microeconomics; Chapter 5 Why Economists Disagree: The Role of Framing in Consensus Building; Chapter 6 ‘Assuring the Free World‘s Liquidity’ Through Multiple Reserve Currencies; Chapter 7 Milton Friedman and the Arguments for Flexible Versus Fixed Exchange Rates; Chapter 8 Collaboration with the Group of Ten; Chapter 9 Adjustment Policies and Special Drawing Rights: Joint Meetings of Officials and Academics; Chapter 10 From the Bellagio Group to the Bürgenstock Conferences; Chapter 11 From The Bellagio Group and Joint Conferences of Officials and Academics to the Group of Thirty; Chapter 12 Reassessing the Bellagio Group’s Impact on International Monetary Reform; Chapter 13 The Impact of the Bellagio Group on International Trade and Finance Scholarship from the 1960s to the Present; concl Conclusion;

    Biography

    Carol M. Connell