Download or read book Integration and Stabilization written by George Macesich and published by Praeger. This book was released on 1996-06-18 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study argues that owing to the wide diversity of nations, their often conflicting policies, and insistence on preserving their sovereignty, the processes of worldwide integration are facilitated by tying these countries together in a system of flexible exchange rates externally, while putting in place a rules-oriented monetary regime internally. The examination of the various issues involved in such an arrangement focuses on money and monetary policy drawing on historical, theoretical, philosophical, and empirical results.