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.
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