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A WORLDWIDE SYSTEM OF REFERENCE RATES

John Williamson

with comments by
Marc Flandreau

EDITORIAL

On February 24-25, 2006 an international workshop on “Regional and International Currency Arrangements” was held in Vienna. It was co-sponsored by the Oesterreichische Nationalbank and the Bank of Greece, and jointly organized by Eduard Hochreiter and George Tavlas. Academic economists and researchers from central banks and international organizations presented and discussed current research, and reviewed and assessed the past experience with, and the future challenges of, international currency arrangements. A number of papers and the contributions by the discussants presented at this workshop are being made available to a broader audience in the Working Paper series of the Bank of Greece and simultaneously also in the Working Paper Series of the Oesterreichische Nationalbank. The papers and the discussants’ comments will be published in the journal, International Economics and Economic Policy. Here we present the seventh of these Working Papers. (The previous six were issued as Bank of Greece Working Papers No. 39 to 44.) In addition to the paper by John Williamson, the Working Paper also contains the contribution of the discussant, Marc Flandreau

August 31, 2006


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