Monetary Regimes in Transition

by Michael D. Bordo, Forrest Capie

Overview

This important contribution to comparative economic history examines different countries' experiences with different monetary regimes. The contributors lay particular emphasis on how the regimes fared when placed under stress such as wars and/or other changes in the economic environment. Covering the experience of ten countries over the period 1700-1990, the book employs the latest techniques of economic analysis in order to understand why particular monetary regimes and policies succeeded or failed.

Product Details

ISBN-13:	9780521419062
Publisher:	Cambridge University Press
Publication date:	10/21/1993
Series:	Studies in Macroeconomic History
Pages:	412
Product dimensions:	5.98(w) x 9.02(h) x 1.06(d)

Table of Contents

List of figures; List of tables; List of contributors; 1. Introduction Michael D. Bordo and Forrest Capie; Part I. Commodity Money Standards in Transition: 2. The scramble for gold: monetary regime transformation in the 1870s Giulio M. Gallarotti; 3. The Latin Monetary Union and the emergence of the international gold standard Angela Redish; 4. Greenback resumption and silver risk: the economics and politics of monetary regime change in the United States, 1862–1900 Charles W. Calomiris; Part II. Successful and Unsuccessful Adherence to the Gold Standard: 5. Spain during the classical gold standard years, 1880–1914 Pablo Martín-Aceña; 6. Canada and the gold standard, 1871–1914: a durable monetary regime Trevor J. O. Dick and John E. Floyd; 7. Australia's payments adjustment and capital flows under the international gold standard, 1870–1913 David Pope; Part III. Wartime Upheaval and Postwar Stabilization: 8. British and French finance during the Napoleonic Wars Michael D. Bordo and Eugene N. White; 9. Interpreting a change in monetary policy regimes: a reappraisal of the first Hungarian hyperinflation and stabilization, 1921–1928 Pierre L. Siklos; 10. Halting inflation in Italy and France after the Second World War Alessandra Casella and Barry Eichengreen; 11. The rise and fall of credit controls: the case of Sweden, 1939–1989 Lars Jonung; Part IV. Perspectives on Monetary Regimes: 12. An assessment of monetary regimes Anna J. Schwartz; Index.

Editorial Reviews

"...well-produced and thought-provoking set of essays...." Tim Congdon, Times Literary Supplement

From the Publisher