Stabilizing World Monetary Arrangements

by Robert Z. Aliber

Paperback

Published May 1, 1979

About the author

Robert Zelwin Aliber was an American economist and professor of International Economics and Finance at the University of Chicago. He was best known for his contribution to the theory of foreign direct investment. He gave the concept of foreign exchange rate in foreign direct investment. Aliber argued that a multinational corporation from hard currency area can borrow at lower rates in a soft currency country than can local firms.