Richard Cooper calls for monetary policy co-ordination to smooth global exchange rates

Professor proposes internationally-agreed targets and gradual capital controls

richard-cooper
Richard Cooper

Controlling capital flows and internationally co-ordinated monetary policy could be used to keep currencies from fluctuating excessively, according to proposals from Richard Cooper, a professor of international economics at Harvard University, in a forthcoming article for the twenty fifth anniversary edition of the Central Banking journal.

In the piece, Professor Cooper argues that the costs of fluctuating and unpredictable exchange rates would justify a return to restrictions being placed on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.