NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Adjustment Mechanism

Maurice Obstfeld

Chapter in NBER book A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform (1993), Michael D. Bordo and Barry Eichengreen, editors (p. 201 - 268)
Conference held October 3-6, 1991
Published in January 1993 by University of Chicago Press
© 1993 by the National Bureau of Economic Research

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This chapter first appeared as NBER working paper w3943, The Adjustment Mechanism, Maurice Obstfeld
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