Building Trust in the International Monetary System (eBook)

The Different Cases of Commodity Money and Fiat Money

Giovanni Battista Pittaluga, Elena Seghezza (Autoren)

eBook Download: PDF

2021 | 1st ed. 2021
XIV, 274 Seiten
Springer International Publishing (Verlag)
978-3-030-78491-1 (ISBN)

Infos

This book presents the evolution of the international monetary system from the gold standard to the monetary system in force today. It adopts a political economy approach, emphasizing the economic and political conditions under which an international monetary system can come into existence and be maintained over time. This approach highlights how the gradual transition in the international context from commodity money to fiat money has been led by the need for greater elasticity of money supply and smooth adjustments. This transition, however, raises the issue of how to guarantee, over time, the value of a money devoid of intrinsic value. By presenting a historical evolution, the book explains how the existence of an international monetary system based on money without intrinsic value can only occur when a particular balance of power exists at the international level that allows for the production of trust in a fiat money.

 

The book is a must-read for scholars, researchers, and students in the fields of economic history and international monetary economics, interested in better understanding the evolution of the international monetary system.

?Giovanni B. Pittaluga is an Emeritus Professor of Economics at Genoa University (Italy). He has taught Monetary Economics at the Catholic University of Milan (Italy) and the Genoa University. He worked as an economist at the Research Department of Bank of Italy. Pittaluga has published numerous papers and books on monetary economics. 

Elena Seghezza is an Associate Professor of Macroeconomics at Genoa University (Italy). She previously worked as an economist at the Department of Economic Affairs of the Italian government and at the Organization for Economic Cooperation and Development (OECD). She has published several articles on Political Economy.

Produkt-Details

• Erscheint lt. Verlag: 15.7.2021
• Reihe/Serie: Frontiers in Economic History
• Reihe/Serie: Frontiers in Economic History
• Zusatzinfo: XIV, 274 p. 23 illus., 8 illus. in color.
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Basel accords • Bretton Woods • Commodity Money • dollar standard • domestic money • European Monetary System • Fiat Currency • Financial Crises • fiscal capacity • gold standard • International Currency • International Monetary System • International monetary union • International money • John Maynard Keynes • Monetary innovations • Money Supply • Origins of international money • Triffin hypothesis • White plan
• ISBN-10: 3-030-78491-6 / 3030784916
• ISBN-13: 978-3-030-78491-1 / 9783030784911