International Monetary Systems in Historical Perspective

International Monetary Systems in Historical Perspective PDF Author: Jaime Reis
Publisher: Springer
ISBN: 1349242209
Category : Business & Economics
Languages : en
Pages : 295

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Book Description
After a century and a half of efforts at constructing arrangements and rules for international monetary interaction, present-day national authorities do not seem to have come much closer to achieving the aim of enduring exchange rate stability combined with a good macroeconomic performance. A distinguished group of economists and economic historians offers new insights into the working of the most important of such experiences, including nineteenth century bimetallism, the 'classical' gold standard, Bretton Woods and the European Monetary System.

International Monetary Systems in Historical Perspective

International Monetary Systems in Historical Perspective PDF Author: Jaime Reis
Publisher: Springer
ISBN: 1349242209
Category : Business & Economics
Languages : en
Pages : 295

Get Book Here

Book Description
After a century and a half of efforts at constructing arrangements and rules for international monetary interaction, present-day national authorities do not seem to have come much closer to achieving the aim of enduring exchange rate stability combined with a good macroeconomic performance. A distinguished group of economists and economic historians offers new insights into the working of the most important of such experiences, including nineteenth century bimetallism, the 'classical' gold standard, Bretton Woods and the European Monetary System.

International Monetary Systems in Historical Perspective

International Monetary Systems in Historical Perspective PDF Author: Jaime Reis
Publisher:
ISBN: 9781349242221
Category : Foreign exchange
Languages : en
Pages : 288

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Book Description


The Evolution of the International Monetary System

The Evolution of the International Monetary System PDF Author: Robert Triffin
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 104

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Book Description


Money in Historical Perspective

Money in Historical Perspective PDF Author: Anna J. Schwartz
Publisher: University of Chicago Press
ISBN: 0226742296
Category : Business & Economics
Languages : en
Pages : 461

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Book Description
Modern monetary economics has been significantly influenced by the knowledge and insight brought to the field by the work of Anna J. Schwartz, an economist whose career has spanned almost half a century. Her contributions evidence a broad expertise in international history and policy, and an ability to apply the results of her careful historical research to current issues and debates. Money in Historical Perspective is a collection of sixteen of her papers selected by Michael D. Bordo and Milton Friedman. Grouped into three sections, the essays constitute a number of Dr. Schwartz's most cited articles on the subject of monetary economics, many of which are no longer readily accessible. In the papers in part I, dating from 1947 to the present, Dr. Schwartz examines money and banking in the United States and the United Kingdom from a historical perspective. Her investigation of the historical evidence linking economic instability to erratic monetary behavior—this behavior itself a product of discretionary monetary policy—has led her to argue for the importance of stable money, and her writings on these issues over the last two decades form part II. The volume concludes with four recent articles on international monetary arrangements, including Dr. Schwartz's well-known work on the gold standard. This volume of classic essays by Anna Schwartz will be a useful addition to the libraries of scholars and students for its exemplary historical research and commentary on monetary systems.

Credibility and the International Monetary Regime

Credibility and the International Monetary Regime PDF Author: Michael D. Bordo
Publisher: Cambridge University Press
ISBN: 1107376955
Category : Business & Economics
Languages : en
Pages : 257

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Book Description
The present global monetary regime is based on floating among the major advanced countries. A key underlying factor behind the present regime is credibility to maintain stable monetary policies. The origin of credibility in monetary regimes goes back to the pre-1914 classical gold standard. In that regime, adherence by central banks to the rule of convertibility of national currencies in terms of a fixed weight of gold provided a nominal anchor to the price level. Between 1914 and the present several monetary regimes gradually moved away from gold, with varying success in maintaining price stability and credibility. In this book, the editors present ten studies combining historical narrative with econometrics that analyze the role of credibility in four monetary regimes, from the gold standard to the present managed float.

The Gold Standard and the International Monetary System, 1900-1939

The Gold Standard and the International Monetary System, 1900-1939 PDF Author: Ian M. Drummond
Publisher: Houndmills, Basingstoke, Hampshire : Macmillan Education
ISBN:
Category : Business & Economics
Languages : en
Pages : 76

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Book Description


The Evolution of the International Monetary System

The Evolution of the International Monetary System PDF Author: Robert Triffin
Publisher: Princeton, N. J.,. International Finance Section, Department of Economics, Princeton University
ISBN:
Category : Currency question
Languages : en
Pages : 534

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Book Description


Essays on Currency Unions and the International Monetary System in Historical Perspective

Essays on Currency Unions and the International Monetary System in Historical Perspective PDF Author: Roger H. Vicquéry
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


Rethinking the International Monetary System

Rethinking the International Monetary System PDF Author: Jane Sneddon Little
Publisher: University Press of the Pacific
ISBN:
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
According to a recent World Bank study, the Asian crisis led to a significant rise in poverty and sharp declines in middle-class living standards in the countries most affected. Real public spending on health and education fell, with poor households experiencing the largest declines in access to these services. The impact of decreased investment in human capital will have consequences for individuals and whole societies for years to come. Because these external shocks occurred very shortly after these countries had liberalized their capital markets, they have engendered a growing distrust of globalization in many parts of the world. We owe it to the people of the developing countries, as well as to ourselves, to consider how institutional or policy changes could moderate such setbacks in the future. For all these reasons, this conference seemed a good time to pause and consider the implications of recent events, institutional changes, and new research for the evolution of the international monetary system. Representing frontline countries and frontline institutions, many of the conference participants had struggled firsthand with the dilemmas posed by the recent crises. Thus, they brought unique perspectives on the issues and offered thoughtful observations and useful ideas that could improve the workings of the international monetary system. It is our hope that this publication of their views will stimulate further discussion, research and, more than partial implementation.

Exchange Rate Regime Choice in Historical Perspective

Exchange Rate Regime Choice in Historical Perspective PDF Author: Michael D. Bordo
Publisher: International Monetary Fund
ISBN: 1451857764
Category : Business & Economics
Languages : en
Pages : 29

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Book Description
In this paper, I survey the issue of exchange rate regime choice from the perspective of both the industrial and emerging economies taking an historical perspective. I first survey the theoretical issues beginning with a taxonomy of regimes. I then examine the empirical evidence on the delineation of regimes and their macroeconomic performance. The penultimate section provides a brief history of monetary regimes in industrial and emerging economies. The conclusion considers the case for a managed float regime for today's emerging economies.