The Limits Of Transparency

Description:

"A decade of crises has reminded us of the fragility of the international financial system. Conventional wisdom holds that uncertainty is the basic problem of financial governance, and attempts to contain ambiguity have dominated recent financial reform efforts. Jacqueline Best, however, contends that ambiguity can play a valuable role in international political and economic stability. The stability of the postwar era depended, Best suggests, on a carefully maintained balance between coherence and ambiguity. In her view, the collapse of the Bretton Woods exchange-rate regime was caused in large part by the increasing rigidity of the system and its corresponding inability to accommodate ambiguity."--Jacket.

subjects: United Nations Monetary and Financial Conference (1944 : Bretton Woods, N.H.),  International finance,  Keynesian economics,  History,  Conférence monétaire et financière des Nations Unies (1944 : Bretton Woods, N.H.),  Keynésianisme,  Histoire,  Stabiliteit,  Finances internationales,  United Nations Monetary and Financial Conference. fast (OCoLC)fst01406233,  Internationale financiële politiek,  United Nations Monetary and Financial Conference (1944 : Bretton Woods, N.H.) http://id.loc.gov/authorities/names/n83146034,  Internationale financiele politiek,  Keynesianisme,  Conference monetaire et financiere des Nations Unies (1944 : Bretton Woods, N.H.),  United Nations Monetary and Financial Conference (1944 : Bretton Woods, N.H.) (uri) http://id.loc.gov/authorities/names/n83146034 (uri) http://viaf.org/viaf/sourceID/LC|n83146034