Credibility and the International Monetary Regime

A Historical Perspective

Business & Finance, Economics, Money & Monetary Policy, Finance & Investing, Finance
Cover of the book Credibility and the International Monetary Regime by , Cambridge University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781139209342
Publisher: Cambridge University Press Publication: April 9, 2012
Imprint: Cambridge University Press Language: English
Author:
ISBN: 9781139209342
Publisher: Cambridge University Press
Publication: April 9, 2012
Imprint: Cambridge University Press
Language: English

The present global monetary regime is based on floating among the major advanced countries. A key underlying factor behind the present regime is credibility to maintain stable monetary policies. The origin of credibility in monetary regimes goes back to the pre-1914 classical gold standard. In that regime, adherence by central banks to the rule of convertibility of national currencies in terms of a fixed weight of gold provided a nominal anchor to the price level. Between 1914 and the present several monetary regimes gradually moved away from gold, with varying success in maintaining price stability and credibility. In this book, the editors present ten studies combining historical narrative with econometrics that analyze the role of credibility in four monetary regimes, from the gold standard to the present managed float.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The present global monetary regime is based on floating among the major advanced countries. A key underlying factor behind the present regime is credibility to maintain stable monetary policies. The origin of credibility in monetary regimes goes back to the pre-1914 classical gold standard. In that regime, adherence by central banks to the rule of convertibility of national currencies in terms of a fixed weight of gold provided a nominal anchor to the price level. Between 1914 and the present several monetary regimes gradually moved away from gold, with varying success in maintaining price stability and credibility. In this book, the editors present ten studies combining historical narrative with econometrics that analyze the role of credibility in four monetary regimes, from the gold standard to the present managed float.

More books from Cambridge University Press

Cover of the book The Cambridge Introduction to Literature and Philosophy by
Cover of the book Manual of Stem Cell and Bone Marrow Transplantation by
Cover of the book Kant on Moral Autonomy by
Cover of the book The Atonement by
Cover of the book Approaches and Methodologies in the Social Sciences by
Cover of the book The Cambridge Companion to Margaret Atwood by
Cover of the book Searching for a 'Principle of Humanity' in International Humanitarian Law by
Cover of the book Hume and the Politics of Enlightenment by
Cover of the book Believing in Shakespeare by
Cover of the book The Cambridge Handbook of Situated Cognition by
Cover of the book The Severity of God by
Cover of the book International Migration in the Age of Crisis and Globalization by
Cover of the book Antipsychotic Trials in Schizophrenia by
Cover of the book Mechanics of Composite Structures by
Cover of the book Field Theories of Condensed Matter Physics by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy