The international monetary system has changed radically in the
last twenty years. Capital, information, goods, and services move
around the globe with unprecedented ease. Countries from the former
communist bloc have joined the system. Europe is on the verge of
monetary union. Financial crises in East Asia and Mexico have
rocked the world economy. In this book, Robert Solomon--author of
the definitive history of the monetary order between 1945 and
1981--presents the first comprehensive history of these and other
aspects of this revolution in international finance. Authoritative,
accessible, and elegantly written, the book will be indispensable
for anyone who wishes to understand how today's international
monetary system works.
Solomon begins with the spectacular rise and subsequent decline
of the foreign exchange value of the U.S. dollar in the 1980s. He
covers the debt crisis of developing countries in the 1980s. He
explores the shift from central planning to market economies in
many countries in the 1990s and explains the origins, implications,
and problems of the move to a single European currency. Solomon
examines in detail the striking increase in the mobility of
capital--paying particular attention to the costs and benefits for
developing countries, and to the role of capital mobility in the
Mexican crisis of 1994 and the Asian crisis that began in 1997. In
the book's final chapter, Solomon provides an overview of the
international monetary system and considers how it might evolve in
the future. In this section, he focuses on the key subjects of
balance-of-payments adjustments, supply of reserves, and stability.
He also evaluates a variety of much-debated policy instruments,
including inflation targeting, currency boards, target zones for
exchange rates, free-floating exchange rates, the Tobin tax,
macroeconomic policy coordination, and special drawings rights.
Throughout, Solomon relates developments in the international
monetary system to macroeconomic conditions in the countries
involved--arguing that it is impossible to understand one without
understanding the other. As a clear, thorough, and unusually
perceptive account of global finance and monetary economics in the
late twentieth century, Money on the Move will be vital reading for
economists, policymakers, and general readers.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
