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.
Inhaltsverzeichnis
Acknowledgements - Notes on Contributors - Introduction; J. Reis - The Classical Gold Standard's Adjustment to Shocks: American Railroads and British Investment in the 1880s; C. Knick Harley - Recent Developments in Bimetallic Theory; S. E. Oppers - Was the Latin Monetary Union a Franc Zone? ; M. Flandreau - The Scandinavian Currency Union 1875-1914; I. Henriksen & N. Kaergard - Central Bank Co-operation in the Inter-War Period: A View from the Periphery; M. de Cecco - The Origins of the Fixed Rate Dollar System; A. Milward - France and the Bretton Woods International Monetary System 1960 to 1968; M. D. Bordo, D. Simard & E. N. White - Portugal and the Bretton Woods International System; M. D. Bordo & F. T. Santos - A European Lender of Last Resort? Some Lessons from History; F. H. Capie & G. E. Wood - Tales of Parallel Currencies: The Early Soviet Experience; P. L. Siklos - The Role of Hegemonic Arrangements in the Evolution of the International Monetary System; D. T. Llewellyn & J. R. Presley - Index
