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Towards a new international monetary order : the world currency unit and the global indexed bonds
The World Economy
  • Lok Sang HO, Lingnan College, Hong Kong
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Journal article
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Instability in currency markets has caused large interest rate swings and is capable of causing great damage to regional economies as well as the global economy. It is against this background that the controversial “Tobin tax” on foreign exchange transactions was proposed (Tobin, 1978). It is also against this background that when Malaysia introduced foreign exchange control he found sympathy in a mainstream economist, namely Paul Krugman (1998).
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Copyright © Blackwell Publishers Ltd 2000

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Citation Information
Ho, L. S. (2000). Towards a new international monetary order: The world currency unit and the global indexed bond. The World Economy, 23(7), 939-950. doi: 10.1111/1467-9701.00310