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Credibility and the International Monetary Regime
Engelsk Hardback
SPAR
kr 329
Credibility and the International Monetary Regime
Engelsk Hardback
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.
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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.
Produktdetaljer
Sprog: Engelsk
Sider: 256
ISBN-13: 9780521811330
Indbinding: Hardback
Udgave:
ISBN-10: 0521811333
Kategori: Monetær økonomi
Udg. Dato: 9 apr 2012
Længde: 22mm
Bredde: 234mm
Højde: 159mm
Oplagsdato: 9 apr 2012
Forfatter(e):
Forfatter(e)


Kategori Monetær økonomi


Sprog Engelsk


Indbinding Hardback


Sider 256


Udgave


Længde 22mm


Bredde 234mm


Højde 159mm

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