| Modern Perspectives on the Gold Standard Contributor(s): Bayoumi, Tamim (Editor), Eichengreen, Barry (Editor), Taylor, Mark P. (Editor) |
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ISBN: 0511895453 ISBN-13: 9780511895456 Publisher: Cambridge University Press OUR PRICE: $140.25 Product Type: Open Ebook - Other Formats Published: November 2011 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Theory - Business & Economics | Economics - Macroeconomics - Business & Economics | Money & Monetary Policy |
| Dewey: 332.422 |
| Descriptions, Reviews, Etc. |
| Publisher Description: Exchange rate instability and crises are a fact of economic life in today's world of open international capital markets. Yet this was not always the case: for more than a third of a century prior to 1914, the gold standard reconciled open financial markets with stable exchange rates among the currencies of the major industrial countries. This book explores how that system worked. The result is an overview of the classical gold standard, a survey of the relevant applied research in international macroeconomics, and a demonstration of how the past can help to inform the present. |