Reforming the World Monetary System

'an exceptionally clear and persuasive book that will be of interest to analysts of contemporary debates about the international monetary system as well as to financial historians.' The Journal of Economic History 'The author writes with exemplary clarity in a superb analytical framework.' Herbert Grubel, EH.net 'Connell has given us a fascinating, comprehensive and original account of the contributions of three giants of our field. Her meticulous and engaging reconstruction of the debates that surrounded the formation of modern international monetary arrangements will be indispensable not only to economic historians but to anyone who recognizes the importance of intellectual history to understanding the complexities of today's global financial relations.' Gary Mongiovi, St John's University

• 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;