Credibility and the International Monetary Regime: A Historical Perspective
(Part of the Studies in Macroeconomic History Series)
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Book Overview
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...
Format:Paperback
Language:English
ISBN:1107459427
ISBN13:9781107459427
Release Date:October 2014
Publisher:Cambridge University Press
Length:256 Pages
Weight:0.84 lbs.
Dimensions:0.6" x 6.0" x 9.0"
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