This book contains a collection of Michael D. Bordo's essays,
written singly and with colleagues, on the classical gold standard
and related regimes based directly or indirectly on gold
convertibility. The gold standard (and its variants) was the basis
for both international and domestic monetary arrangements from the
third quarter of the nineteenth century until 1971 when President
Nixon closed the US gold window, effectively ending the Bretton
Woods International Monetary System. Although the gold standard and
its variants are now history, it still has great appeal for
policymakers and scholars. Several desirable features of the gold
standard have resources for the ongoing issue of international
monetary reform. They include its record as a stable nominal
anchor; its automaticity; and its role as a credible commitment
mechanism. The essays in this collection are organized around
several themes: gold and the international monetary system; the
commodity theory of money; the gold standard as a rule; variants of
the gold standard including the interwar gold standard and the
Bretton Woods International Monetary System.
General
Imprint: |
Cambridge UniversityPress
|
Country of origin: |
United Kingdom |
Series: |
Studies in Macroeconomic History |
Release date: |
November 2005 |
First published: |
1999 |
Authors: |
Michael D. Bordo
|
Dimensions: |
230 x 155 x 35mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
540 |
Edition: |
Revised |
ISBN-13: |
978-0-521-02294-1 |
Categories: |
Books >
Business & Economics >
Economics >
Macroeconomics >
Monetary economics
|
LSN: |
0-521-02294-0 |
Barcode: |
9780521022941 |
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