MONETARY THEORY AND BRETTON WOODS by Filippo Cesarano, Craufurd D. Goodwin ( 9780521867597 )

Item Details

Title:

MONETARY THEORY AND BRETTON WOODS
THE CONSTRUCTION OF AN INTERNATIONAL MONETARY ORDER

By:

Filippo Cesarano, Craufurd D. Goodwin

Format:

Hardback

List price:

£95.00

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£83.13

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12.5% off

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£11.87

ISBN 10:

0521867592

ISBN 13:

9780521867597

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

1 September, 2006

Series:

Historical Perspectives on Modern Economics

Pages:

262

Description:

This book argues that advances in monetary theory played a decisive role in the Bretton Woods Agreements of July 1944.

Synopsis:

Over the twentieth century monetary theory played a crucial role in the evolution of the international monetary system. The severe shocks and monetary gyrations of the interwar years interacted with theoretical developments that superseded the rigid rules of commodity standards and led to the full-fledged conception of monetary policy. The definitive demise of the gold standard then paved the way for monetary reconstruction. Monetary theory was a decisive factor in the design of the reform proposals, in the Bretton Woods negotiations, and in forging the new monetary order. The Bretton Woods system - successful but nevertheless short-lived - suffered from latent inconsistencies, both analytical and institutional, which fatally undermined the foundations of the postwar monetary architecture and brought about the epochal transition from commodity money to fiat money.

Publication:

Imprint:

Cambridge University Press

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Returnable

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