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»Economic Policy Rethinking in the Global World«In three economic policiy areas a rethink is needed:First, economic policy should define and aim a quantitative target for employment as well as the target of price stability. High unemployment in many countries is the cause of poverty, hunger and migration. People need to have opportunities in their own countries to shape their lives. The goals of full employment and price stability would have to be carried out by the central banks, as they are today in the USA.Second, providing the global economy with foreign exchange should no longer be governed by a national currency, such as today's US dollar, but by an international organization that supplies the global economy with an international currency.Third, fluctuations in exchange rates should be limited. For this, major economies could keep their exchange rates on the path of purchasing power parities. The foreign exchange arbitrage would then, about the market, provide more stability of the exchange rates. A. Wirtschaftspolitik unter globalen BedingungenDrei wichtige wirtschaftliche Ausgangsgrößen - Fehlentwicklungen - Wirtschaftspolitische ZieleB. Freizügigkeit und Steuerung der wirtschaftspolitischen ZieleMärkte erfordern wirtschaftliche Freizügigkeit - Vollbeschäftigung und Preisstabilität in der digitalen EpocheC. Die monetäre Politik in der digitalen EpocheInstrumente der monetären Politik - Strategische ÜberlegungenD. Störungsfreie Abwicklung grenzüberschreitender TransaktionenVoraussetzungen und tatsächlicher Ablauf - Die Devisenversorgung der Weltwirtschaft in der digitalen EpocheE. Wechselkursveränderungen ohne WettbewerbsverzerrungenWirkungen von Wechselkursänderungen - Handelsneutralität und Kapitalverkehrsneutralität der WechselkurseStichwortverzeichnis Claus Köhler worked in the credit business. He was member of the executive board of a German financing company and (in personal union) member of the governing board of a Swiss financial holding. He held the chair for national economy at the University of Hannover from 1966 until 1974. Finally, he was member of the board of directors of two Investmentfonds in New York as well as member of an advisory panel of Oman's central bank.
