Gold And The International Monetary System

Author : Ian M. Drummond
Publisher : Houndmills, Basingstoke, Hampshire : Macmillan Education
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.47/5 ( download)

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Download or read book The Gold Standard and the International Monetary System, 1900-1939 written by Ian M. Drummond and published by Houndmills, Basingstoke, Hampshire : Macmillan Education. This book was released on 1987 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : André Astrow
Publisher : Chatham House Report
ISBN 13 : 9781862032606
Total Pages : 0 pages
Book Rating : 4.02/5 ( download)

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Download or read book Gold and the International Monetary System written by André Astrow and published by Chatham House Report. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "To assess what contribution, if any, gold could make to the current international monetary system in the wake of the global financial crisis, Chatham House set up a global Taskforce of experts in 2011. The Taskforce explored the advantages and disadvantages of reintroducing gold in the system and identified a number of possible scenarios for reform. For gold to play a more formal role in the international monetary system, it would be imperative that it neither hinders the system's performance nor creates unacceptable constraints on national economic policies; Although the discipline a gold standard imposes on monetary policy may have been helpful in limiting the reckless banking and excessive debt accumulation of the past decade, the rigidity of a fixed price for gold would likely have been a serious handicap with the onset of the financial crisis when a much more flexible monetary response was required; There is no clear-cut role for gold as a policy indicator. The historical behaviour of the gold price does not provide a particularly good indicator for either monetary or fiscal policy. In fact, since the financial crisis, the rise in the gold price has indicated the need for tighter policies which, if implemented, could have been deeply damaging; Gold can serve as a hedge against declining values of key fiat currencies, and can also be useful for central banks, but its role as a hedge is not cost free. Indeed, a major downside of holding gold is that its price can be extremely volatile. Also, it generates no yield, other than capital gains which are only realised when it is sold. Gold, therefore, can form part of a portfolio of assets that spreads valuation risk, but on the other hand, it is not very effective as a sole reserve asset."--Publisher description.

Author : Giulio M. Gallarotti
Publisher : Oxford University Press
ISBN 13 : 0195358236
Total Pages : 360 pages
Book Rating : 4.30/5 ( download)

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Download or read book The Anatomy of an International Monetary Regime written by Giulio M. Gallarotti and published by Oxford University Press. This book was released on 1995-03-16 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Widely considered the crowning achievement in the history of international monetary relations, the classical gold standard (1880-1914) has long been treated like a holy relic. Its veneration, however, has done more to obscure than to reveal the actual nature of the era's monetary system. In The Anatomy of an International Monetary Regime, Giulio M. Gallarotti addresses the nature of the classical gold standard in its international context, offering the first comprehensive and systematic treatment of the subject. Three fundamental questions are essential to the discussion: How did the regime originate? How did it work? Why did it persist? Gallarotti uses an interdisciplinary approach that draws upon politics, economics, and ideology to explain the answers. He challenges traditional assumptions about the period, arguing that cooperation among nations or central banks was not a principal factor in either the origin or stability of the system, and that neither the British state nor the Bank of England were the leaders or managers of the gold standard. Rather, a decentralized process involving the status of gold, industrialization and economic development, the politics of gold, and liberal economic ideology provided converging incentives for starting and maintaining the system. Gallarotti's study presents the most comprehensive and interdisciplinary examination available of the nature of monetary relations in the four decades before World War I. His important, revisionist view will alter the way we think about a crucial period in the growth of the international monetary system. It will be essential reading for scholars and students of economic history and policy.

Author : Eugene A. Birnbaum
Publisher : Princeton, N.J. : International Finance Section, Princeton University
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.97/5 ( download)

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Download or read book Gold and the International Monetary System written by Eugene A. Birnbaum and published by Princeton, N.J. : International Finance Section, Princeton University. This book was released on 1968 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mr.Tamim Bayoumi
Publisher : International Monetary Fund
ISBN 13 : 1451851243
Total Pages : 32 pages
Book Rating : 4.43/5 ( download)

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Download or read book The Stability of the Gold Standard and the Evolution of the International Monetary System written by Mr.Tamim Bayoumi and published by International Monetary Fund. This book was released on 1995-09-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines some popular explanations for the smooth operation of the pre-1914 gold standard. We find that the rapid adjustment of economies to underlying disturbances played an important role in stabilizing output and employment under the gold standard system, but no evidence that this success also reflected relatively small underlying disturbances. Finally, the paper also suggests an explanation for the evolution of the international monetary system based on growing nominal inertia over time.

Author : Ms.Dominique Simard
Publisher : International Monetary Fund
ISBN 13 : 1451935366
Total Pages : 58 pages
Book Rating : 4.63/5 ( download)

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Download or read book France and the Breakdown of the Bretton Woods International Monetary System written by Ms.Dominique Simard and published by International Monetary Fund. This book was released on 1994-10-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Author : Robert Triffin
Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.35/5 ( download)

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Download or read book Our International Monetary System; Yesterday, Today, and Tomorrow written by Robert Triffin and published by . This book was released on 1968 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Francis J. Gavin
Publisher : UNC Press Books
ISBN 13 : 9780807828236
Total Pages : 294 pages
Book Rating : 4.38/5 ( download)

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Download or read book Gold, Dollars, and Power written by Francis J. Gavin and published by UNC Press Books. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Gavin demonstrates that Bretton Woods was in fact a highly politicized system that was prone to crisis and required constant intervention and controls to continue functioning. More important, postwar monetary relations were not a salve to political tensions, as is often contended.

Author : Michael D. Bordo
Publisher : University of Chicago Press
ISBN 13 : 0226066908
Total Pages : 692 pages
Book Rating : 4.05/5 ( download)

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Download or read book A Retrospective on the Bretton Woods System written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2007-12-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustment, liquidity, and transmission under the System; the way it affected developing countries; and the role of the International Monetary Fund in maintaining a stable rate. The authors examine the reasons for the System's success and eventual collapse, compare it to subsequent monetary regimes, such as the European Monetary System, and address the possibility of a new fixed exchange rate for today's world.

Author : Leland B. Yeager
Publisher :
ISBN 13 :
Total Pages : 166 pages
Book Rating : 4.62/5 ( download)

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Download or read book The International Monetary Mechanism written by Leland B. Yeager and published by . This book was released on 1968 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes index.