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The Development of International Monetary Policy (Paperback)
Loot Price: R1,464
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The Development of International Monetary Policy (Paperback)
Series: Routledge International Studies in Money and Banking
Expected to ship within 12 - 17 working days
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The Development of International Monetary Policy traces the
development of international monetary policy from mercantilism to
quantitative easing. It has been structured to present some of the
pressing issues in international monetary relations involving
currency valuation, inflation, exchange rates, and regional
monetary policy. Additionally, it presents international monetary
law as a basis for understanding the concept of monetary
sovereignty and the limits of state autonomy in an interdependent
world of legal arrangements. The book revisits some controversial
arguments about stagflation and expansionary monetary policy, and
it uses current time series data and empirical evidence to show why
theories about the trade-off between inflation and unemployment are
not extinct. Part of the concluding argument indicates that it is
imperative for the international community to have a structure for
monetary dispute resolutions involving autonomous states. Notably,
the author further concludes that fiat money will continue to be a
dominant unit of account, more so than crypto-currencies, into the
distant future. An accessible and practical read, this is book is a
valuable resource for postgraduates, academics and researchers of
international trade, finance and economics.
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