The Anatomy of an International Monetary Regime: The Classical Gold Standard, 1880-1914Oxford University Press, 16 mar 1995 - 368 pagine 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. |
Sommario
3 | |
2 The Classical Gold Standard as an International Monetary Regime | 16 |
3 Cooperation under the Gold Standard | 58 |
4 British Hegemony under the Gold Standard | 86 |
5 Hegemony and the Bank of England | 111 |
6 The Origin of the Gold Standard | 141 |
7 The Stability of the Gold Standard | 181 |
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The Anatomy of an International Monetary Regime: The Classical Gold Standard ... Giulio M. Gallarotti Anteprima limitata - 1995 |
Parole e frasi comuni
19th century Bank of England Bank of France Bank rate Bank's bankers behavior bills bimetallism bimetallist bloc Bloomfield 1959 Britain business cycle capital controls capital flows central banks circulation classical gold standard coin coinage compelling conference convertibility cooperation core nations crises crisis currencies deficits delegates depreciation developed nations developed world discount rates domestic economic effects Eichengreen etary exchange rates exports F-statistic fact foreign exchange Germany global gold club gold link gold monometallism gold stocks gold-club nations greater growth hegemony Hence important inflation institutions interest rates international monetary regime international monetary system international regime investment investors issue Kindleberger Latin Monetary Union Latin Union liberal limited liquidity London macroeconomic maintain metals monetary authorities monetary hegemony monetary relations money supplies monometallism national monetary norms notes outcomes period political R-squared Reichsbank relative reserves respect stability stable money sterling structure of adjustment tions trade transactions U.S. Senate