Credibility and the International Monetary Regime: A Historical Perspective

by Ronald MacDonald

Book Overview

The present global monetary regime is based on floating among the major advanced countries. A key underlying factor behind the present regime is credibility to maintain stable monetary policies. The origin of credibility in monetary regimes goes back to the pre-1914 classical gold standard. In that regime, adherence by central banks to the rule of convertibility of national currencies in terms of a fixed weight of gold provided a nominal anchor to...

• Format: Paperback
• Language: English
• ISBN: 1107459427
• ISBN13: 9781107459427
• Release Date: October 2014
• Publisher: Cambridge University Press
• Length: 256 Pages
• Weight: 0.84 lbs.
• Dimensions: 0.6" x 6.0" x 9.0"