New Monetary Policy Tracks for 1990s: Shaping Global Financial Stability.
The article "Monetary Theory and Monetary Policy: New Tracks for the 1990s" discusses various aspects of monetary theory and policy. Researchers explore topics such as monetarism, the demand for money in different countries, credit as a target of monetary policy, and international monetary coordination. Key findings include the challenges faced in the 1980s, the evolution of banking systems, conflicts between money supply, interest rates, and exchange rate targets, and the implications of international monetary coordination. The goal is to provide insights into how monetary policies can be improved and coordinated on a global scale.