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OverviewThis book shows that the use of money transforms a market economy into a payment society where production and employment are subordinated to the logic of asset markets. Monetary policy emerged out of private banking business and was always exposed to the risk of losing credibility and reputation. The stability of key currency systems was based on different policy preferences. A simple game-theoretic macro model explains the working and the downfall of the gold standard, Bretton Woods and the European Monetary System. It is shown that waning willingness to accept foreign leadership in monetary policy affairs propelled the creation of the euro. Full Product DetailsAuthor: Heinz-Peter SpahnPublisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Imprint: Springer-Verlag Berlin and Heidelberg GmbH & Co. K Edition: 2001 ed. Dimensions: Width: 15.50cm , Height: 1.40cm , Length: 23.50cm Weight: 1.130kg ISBN: 9783540416050ISBN 10: 3540416056 Pages: 220 Publication Date: 26 February 2001 Audience: College/higher education , Professional and scholarly , Postgraduate, Research & Scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: In Print ![]() This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsI On The Theory of a Monetary Economy.- 1. Market Organization and Monetary Contracts.- 2. Money, Interest and Capital.- II Banking and the Rise of Monetary Policy.- 3. Banks as Creators of Money.- 4. The Emergence of Central Banking in England.- III The Evolution of Key Currency Systems: A Game-Theoretic Perspective.- 5. The Hegemony of Pound Sterling in the Gold Standard.- 6. The Loss of Credibility and Stability in the Bretton Woods System.- 7. The European Paper Money Standard: A “DM Club”.- IV The Euro in the World Economy.- 8. A Monetary Union With a Denationalized Currency.- 9. The Multiple International Monetary Standard.- List of Figures.- List of Tables.- References.ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |