Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Gold And The International Monetary System
Download Gold And The International Monetary System full books in PDF, epub, and Kindle. Read online Gold And The International Monetary System ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis The Gold Standard and the International Monetary System, 1900-1939 by : Ian M. Drummond
Download or read book The Gold Standard and the International Monetary System, 1900-1939 written by Ian M. Drummond and published by Houndmills, Basingstoke, Hampshire : Macmillan Education. This book was released on 1987 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Eugene A. Birnbaum Publisher :Princeton, N.J. : International Finance Section, Princeton University ISBN 13 : Total Pages :64 pages Book Rating :4.3/5 ( download)
Book Synopsis Gold and the International Monetary System by : Eugene A. Birnbaum
Download or read book Gold and the International Monetary System written by Eugene A. Birnbaum and published by Princeton, N.J. : International Finance Section, Princeton University. This book was released on 1968 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Gold and the International Monetary System by : André Astrow
Download or read book Gold and the International Monetary System written by André Astrow and published by Chatham House Report. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "To assess what contribution, if any, gold could make to the current international monetary system in the wake of the global financial crisis, Chatham House set up a global Taskforce of experts in 2011. The Taskforce explored the advantages and disadvantages of reintroducing gold in the system and identified a number of possible scenarios for reform. For gold to play a more formal role in the international monetary system, it would be imperative that it neither hinders the system's performance nor creates unacceptable constraints on national economic policies; Although the discipline a gold standard imposes on monetary policy may have been helpful in limiting the reckless banking and excessive debt accumulation of the past decade, the rigidity of a fixed price for gold would likely have been a serious handicap with the onset of the financial crisis when a much more flexible monetary response was required; There is no clear-cut role for gold as a policy indicator. The historical behaviour of the gold price does not provide a particularly good indicator for either monetary or fiscal policy. In fact, since the financial crisis, the rise in the gold price has indicated the need for tighter policies which, if implemented, could have been deeply damaging; Gold can serve as a hedge against declining values of key fiat currencies, and can also be useful for central banks, but its role as a hedge is not cost free. Indeed, a major downside of holding gold is that its price can be extremely volatile. Also, it generates no yield, other than capital gains which are only realised when it is sold. Gold, therefore, can form part of a portfolio of assets that spreads valuation risk, but on the other hand, it is not very effective as a sole reserve asset."--Publisher description.
Book Synopsis The Stability of the Gold Standard and the Evolution of the International Monetary System by : Mr.Tamim Bayoumi
Download or read book The Stability of the Gold Standard and the Evolution of the International Monetary System written by Mr.Tamim Bayoumi and published by International Monetary Fund. This book was released on 1995-09-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines some popular explanations for the smooth operation of the pre-1914 gold standard. We find that the rapid adjustment of economies to underlying disturbances played an important role in stabilizing output and employment under the gold standard system, but no evidence that this success also reflected relatively small underlying disturbances. Finally, the paper also suggests an explanation for the evolution of the international monetary system based on growing nominal inertia over time.
Book Synopsis Our International Monetary System; Yesterday, Today, and Tomorrow by : Robert Triffin
Download or read book Our International Monetary System; Yesterday, Today, and Tomorrow written by Robert Triffin and published by . This book was released on 1968 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Gold, Dollars, and Power by : Francis J. Gavin
Download or read book Gold, Dollars, and Power written by Francis J. Gavin and published by UNC Press Books. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Gavin demonstrates that Bretton Woods was in fact a highly politicized system that was prone to crisis and required constant intervention and controls to continue functioning. More important, postwar monetary relations were not a salve to political tensions, as is often contended.
Book Synopsis The Anatomy of an International Monetary Regime by : Giulio M. Gallarotti
Download or read book The Anatomy of an International Monetary Regime written by Giulio M. Gallarotti and published by Oxford University Press. This book was released on 1995-03-16 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Widely considered the crowning achievement in the history of international monetary relations, the classical gold standard (1880-1914) has long been treated like a holy relic. Its veneration, however, has done more to obscure than to reveal the actual nature of the era's monetary system. In The Anatomy of an International Monetary Regime, Giulio M. Gallarotti addresses the nature of the classical gold standard in its international context, offering the first comprehensive and systematic treatment of the subject. Three fundamental questions are essential to the discussion: How did the regime originate? How did it work? Why did it persist? Gallarotti uses an interdisciplinary approach that draws upon politics, economics, and ideology to explain the answers. He challenges traditional assumptions about the period, arguing that cooperation among nations or central banks was not a principal factor in either the origin or stability of the system, and that neither the British state nor the Bank of England were the leaders or managers of the gold standard. Rather, a decentralized process involving the status of gold, industrialization and economic development, the politics of gold, and liberal economic ideology provided converging incentives for starting and maintaining the system. Gallarotti's study presents the most comprehensive and interdisciplinary examination available of the nature of monetary relations in the four decades before World War I. His important, revisionist view will alter the way we think about a crucial period in the growth of the international monetary system. It will be essential reading for scholars and students of economic history and policy.
Download or read book The Price of Gold written by Rudolf Frei and published by J.C.B. Mohr (P. Siebeck). This book was released on 1966 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Retrospective on the Bretton Woods System by : Michael D. Bordo
Download or read book A Retrospective on the Bretton Woods System written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2007-12-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustment, liquidity, and transmission under the System; the way it affected developing countries; and the role of the International Monetary Fund in maintaining a stable rate. The authors examine the reasons for the System's success and eventual collapse, compare it to subsequent monetary regimes, such as the European Monetary System, and address the possibility of a new fixed exchange rate for today's world.
Book Synopsis The International Monetary Mechanism by : Leland B. Yeager
Download or read book The International Monetary Mechanism written by Leland B. Yeager and published by . This book was released on 1968 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes index.
Book Synopsis The Global Gold Market and the International Monetary System from the late 19th Century to the Present by : S. Bott
Download or read book The Global Gold Market and the International Monetary System from the late 19th Century to the Present written by S. Bott and published by Springer. This book was released on 2013-10-06 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using an inter-disciplinary and global approach this book examines the different roles gold played in the international economy from the late 19th century until today. It gives a complete and comprehensive overview of the many facets of the global gold market's organization from the extraction of this precious metal to its consumption.
Book Synopsis Money and the Nation State by : Kevin Dowd
Download or read book Money and the Nation State written by Kevin Dowd and published by Routledge. This book was released on 2020-04-03 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary and banking problems in the world today arise not so much from the failure of specific policies as from more deep-seated problems in institutional structures. Individuals clearly make mistakes and legislatures make bad laws, but the institutions from which decisions and laws emanate determine the effectiveness of social operations and the value of social decisions. Unless we change the present institutional structure, we are not likely to get stable solutions to today's most serious problems—ongoing and often erratic inflation and serious banking instability. Money and the Nation State examines the history of modern monetary and banking arrangements, some of the major monetary and banking problems, and options for meaningful reform. The common theme of all the essays is that current arrangements result less from the accomplishments of great men than man-made institutions that society has inherited—central banks and "the legal and regulatory frameworks that accompany them. The contributors emphasize the impact of political interference on the workings of monetary and financial institutions. Not surprisingly, they find many problems arise because politically generated structures are inappropriate to the real needs of the individuals and groups they are meant to serve. Money and the Nation State provides an essential framework for those willing to return to first principles in thinking about the role of monetary institutions in economic life. Economists, financial theorists, and the interested citizen will find it stimulating reading.
Book Synopsis Destabilizing the Global Monetary System: Germany’s Adoption of the Gold Standard in the Early 1870s by : Mr.Johannes Wiegand
Download or read book Destabilizing the Global Monetary System: Germany’s Adoption of the Gold Standard in the Early 1870s written by Mr.Johannes Wiegand and published by International Monetary Fund. This book was released on 2019-02-15 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in other countries that ultimately ended global bimetallism, i.e., a near-universal fixed exchange rate system in which (mostly) France stabilized the exchange value between gold and silver currencies. As a result, silver currencies depreciated sharply, and severe deflation ensued in the gold block. Why did Germany switch to gold and set the train of destructive events in motion? Both a review of the contemporaneous debate and statistical evidence suggest that it acted preemptively: the Australian and Californian gold discoveries of around 1850 had greatly increased the global supply of gold. By the mid-1860s, gold threatened to crowd out silver money in France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked exclusion from the fixed exchange rate system that tied together the major industrial economies. Reform required French accommodation, however. Victory in the Franco-Prussian war of 1870/71 allowed Germany to force accommodation, but only until France settled the war indemnity and regained sovereignty in late 1873. In this situation, switching to gold was superior to adopting bimetallism, as it prevented France from derailing Germany’s reform ex-post.
Book Synopsis France and the Breakdown of the Bretton Woods International Monetary System by : Ms.Dominique Simard
Download or read book France and the Breakdown of the Bretton Woods International Monetary System written by Ms.Dominique Simard and published by International Monetary Fund. This book was released on 1994-10-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Book Synopsis Building Trust in the International Monetary System by : Giovanni Battista Pittaluga
Download or read book Building Trust in the International Monetary System written by Giovanni Battista Pittaluga and published by Springer Nature. This book was released on 2021-07-15 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the evolution of the international monetary system from the gold standard to the monetary system in force today. It adopts a political economy approach, emphasizing the economic and political conditions under which an international monetary system can come into existence and be maintained over time. This approach highlights how the gradual transition in the international context from commodity money to fiat money has been led by the need for greater elasticity of money supply and smooth adjustments. This transition, however, raises the issue of how to guarantee, over time, the value of a money devoid of intrinsic value. By presenting a historical evolution, the book explains how the existence of an international monetary system based on money without intrinsic value can only occur when a particular balance of power exists at the international level that allows for the production of trust in a fiat money. The book is a must-read for scholars, researchers, and students in the fields of economic history and international monetary economics, interested in better understanding the evolution of the international monetary system.
Book Synopsis Gold and the Dollar Crisis by : Robert Triffin
Download or read book Gold and the Dollar Crisis written by Robert Triffin and published by New Haven : Yale University Press. This book was released on 1960 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the 19th century system of international convertibility and the reasons for its collapse and outlines radical institutional reforms which might deal effectively with the present day dollar question.
Book Synopsis The International Monetary System by : Herbert G. Grubel
Download or read book The International Monetary System written by Herbert G. Grubel and published by Penguin Group. This book was released on 1984 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
