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From the Publisher"In this remarkable synthesis of the history of economic thought and the history of the international monetary system, Ceserano tells how the world made the transition from the gold standard in 1914 to fiat money in 1971....Highly recommended." — Choice
"This is a timely thought-provoking account by a central banker (the head of the Historical Research Office of the Bank of Italy) of the long and often uncertain transition from the classical gold standard to the unprecendented fiat monetary system prevailing at the end of the twentieth century...I recommend it as an efficient account of the relevant theories and policies during the transition from the classical gold standard." - John H. Wood, Wake Forest University EH.NET
"This book is an excellent description of the evolution of monetary theory and history and gives an excellent account of the interaction of theory and events over time."
Kristen Wandschneider, Journal of Economic History