Word: roosa
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...should join the trend toward more managed exchange rates, something of a compromise between fixed and floating rates. World central banks would have to cooperate closely, buying and selling currencies in order to keep the rates within certain ranges. Former Under Secretary of the Treasury Robert V. Roosa says that a first step toward this arrangement would be to set up "reasonable ranges of value for the three key currencies - the dollar, mark and yen." Other currencies would quickly fall into line behind the big three. The IMF could monitor national economic activity and recommend when currency values should...
...Robert V. Roosa, 59, a partner in the investment banking house of Brown Brothers Harriman & Co. An early supporter of Carter, Roosa gained renown as an innovator in international finance when he served as Treasury Under Secretary for Monetary Affairs from...
...rates, and a closer growth of money supply, than the White House would like, and his stand does nothing to increase the chances that Carter will reappoint him when his term as board chairman expires Jan. 31. Washington speculation on his possible successor is already narrowing to Robert V. Roosa, a partner in the investment banking house of Brown Bros. Harriman, and Paul Volcker, head of the New York Federal Reserve Bank. (Arthur Okun, a Brookings Institution economist and member of TIME'S Board of Economists, whose name also has been mentioned, says Carter would make a mistake in appointing...
ROBERT V. ROOSA...
...Cabinet; Henry Owen, onetime chief of the State Department's Policy Planning Staff, who is a foreign affairs specialist for Carter; and Alice Rivlin, director of the Congressional Budget Office, who may head up Carter's Council of Economic Advisers. Then, too, there is Robert Roosa, chairman of the Brookings board, who may be in line for Treasury Secretary (and who, like Owen, is on the Trilateral Commission...