Monetary Theory and Bretton Woods: The Construction of an International Monetary Order

Monetary Theory and Bretton Woods: The Construction of an International Monetary Order

by Filippo Cesarano
     
 

ISBN-10: 0521867592

ISBN-13: 9780521867597

Pub. Date: 09/28/2006

Publisher: Cambridge University Press

Over the twentieth century monetary theory played a crucial role in the evolution of the international monetary system. The severe shocks and monetary gyrations of the interwar years interacted with theoretical developments that superseded the rigid rules of commodity standards and led to the full-fledged conception of monetary policy. The definitive demise of the

Overview

Over the twentieth century monetary theory played a crucial role in the evolution of the international monetary system. The severe shocks and monetary gyrations of the interwar years interacted with theoretical developments that superseded the rigid rules of commodity standards and led to the full-fledged conception of monetary policy. The definitive demise of the gold standard then paved the way for monetary reconstruction. Monetary theory was a decisive factor in the design of the reform proposals, in the Bretton Woods negotiations, and in forging the new monetary order. The Bretton Woods system - successful but nevertheless short-lived - suffered from latent inconsistencies, both analytical and institutional, which fatally undermined the foundations of the postwar monetary architecture and brought about the epochal transition from commodity money to fiat money.

Product Details

ISBN-13:
9780521867597
Publisher:
Cambridge University Press
Publication date:
09/28/2006
Series:
Historical Perspectives on Modern Economics Series
Edition description:
First Edition
Pages:
262
Product dimensions:
5.98(w) x 8.98(h) x 0.98(d)

Table of Contents

1. Introduction; 2. International monetary equilibrium and the properties of the gold standard; 3. The international monetary system between the world wars; 4. The monetary system in economic analysis: the critique of the gold standard; 5. The Great Depression: overturning the state of the art; 6. Providing for a new monetary order; 7. The Bretton Woods Agreements; 8. Bretton Woods and after.

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >