Money and the Nation State: The Financial Revolution, Government, and the World Monetary System

Money and the Nation State: The Financial Revolution, Government, and the World Monetary System

by Jr., Richard H Timberlake Richard H.
     
 

Money and the Nation State examines the history of modern monetary and banking arrangements, their major problems and their possible correctives. Seventeen scholars, from a diversity of economic perspectives, examine the ways in which political interference in monetary institutions has undermined economic stability and prosperity (and has provoked international… See more details below

Overview

Money and the Nation State examines the history of modern monetary and banking arrangements, their major problems and their possible correctives. Seventeen scholars, from a diversity of economic perspectives, examine the ways in which political interference in monetary institutions has undermined economic stability and prosperity (and has provoked international conflict). They explain that monetary nationalism - the promotion of the monetary goals of the nation state - necessarily invites economic discoordination because it interferes with the free, equilibrating operation of market forces. Finally, the authors outline the reforms necessary to create monetary, financial and banking systems free of the episodic inflation, devaluation, debt crises, and exchange rate volatility that have plagued the twentieth century.

Product Details

ISBN-13:
9781560009306
Publisher:
Transaction Publishers
Publication date:
01/01/1997
Series:
Independent Studies in Political Economy
Edition description:
New Edition
Pages:
453
Product dimensions:
6.00(w) x 8.90(h) x 1.10(d)

Table of Contents

Foreword
Introduction1
1An Evolutionary Theory of the State Monopoly over Money21
2National Sovereignty and International Monetary Regimes47
3From Gold to the Ecu: The International Monetary System in Retrospect77
4The Gold-Exchange Standard in the Interwar Years105
5Gold Standard Policy and Limited Government167
6U.S. Financial Policy in the Post-Bretton Woods Period193
7Bank Deposit Guarantees: Why Not Trust the Market?213
8The IMF's Destructive Recipe: Rising Tax Rates and Falling Currencies247
9Global Economic Integration: Trends and Alternative Policy Responses305
10The Political Economy of Discretionary Monetary Policy: A Public Choice Analysis of Proposals for Reform331
11The Misguided Drive toward European Monetary Union351
12Monetary Nationalism Reconsidered377
13Currency Boards and Free Banking403
About the Editors and Contributors423
Index431

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >