Political Economy of Money: Emerging Fiat Monetary Regime / Edition 1

by George Macesich

Overview

Since 1971, when the Bretton Woods gold exchange standard ended, the world has been on a fiat monetary regime, with various fiat currencies managed according to the discretion of the issuing country. Inherent in this regime is a basic problem—the ease with which the system lends itself to political manipulation. This study examines the emerging fiat regime in a world of nation states determined to preserve their sovereignty from erosion by the global economy and places this process in its economic, historical, and political perspective.

Product Details

ISBN-13:	9780275965723
Publisher:	Bloomsbury Academic
Publication date:	08/30/1999
Edition description:	New Edition
Pages:	152
Product dimensions:	5.50(w) x 8.50(h) x 0.38(d)

About the Author

GEORGE MACESICH is Professor of Economics at Florida State University. He is the author of several books, including The United States in the Changing Global Economy: Policy Implications and Issues (Praeger, 1997) and World Economy at the Crossroads (Praeger, 1997).

Table of Contents

Preface
The Issue of Money
Fiat Money: Historical Perspective
Muddling Through to a Fiat Monetary Regime: The Interwar Years
The Emerging Postwar Fiat Monetary Regime: Myth, Fact, and Fancy
Post-Bretton Woods Regime: Attempts at Reform
The International Monetary Fund and Its Prospects
Echoes from the Past
What Is to Be Done?
Bibliography
Index