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Books > History > History of specific subjects > Economic history
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Fixed Ideas of Money - Small States and Exchange Rate Regimes in Twentieth-Century Europe (Hardcover)
Loot Price: R3,273
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Fixed Ideas of Money - Small States and Exchange Rate Regimes in Twentieth-Century Europe (Hardcover)
Series: Studies in Macroeconomic History
Expected to ship within 12 - 19 working days
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Most European countries are rather small, yet we know little about
their monetary history. This book analyses for the first time the
experience of seven small states (Austria, Belgium, Denmark, the
Netherlands, Norway, Sweden, and Switzerland) during the last
hundred years, starting with the restoration of the gold standard
after World War I and ending with Sweden s rejection of the Euro in
2003. The comparative analysis shows that for the most part of the
twentieth century the options of policy makers were seriously
constrained by a distinct fear of floating exchange rates. Only
with the crisis of the European Monetary System (EMS) in 1992 93
did the idea that a flexible exchange rate regime was suited for a
small open economy gain currency. The book also analyses the
differences among small states and concludes that economic
structures or foreign policy orientations were far more important
for the timing of regime changes than domestic institutions and
policies."
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