Clarida.

• Position: G3 exchange rates

Clarida reviews G3 exchange rate relationships since the collapse of Bretton Woods and analyzes recent proposals for changing the way the G3 countries conduct exchange rate policy. Advocates of these proposals have assessed the global costs of exchange rate volatility and exchange rate misalignments, and find the status quo unacceptable. They believe that a sustained effort to limit G3 exchange rate fluctuations would deliver benefits to the world...