Overview

This 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 Details

Author:   Heinz-Peter Spahn
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Edition:   Softcover reprint of hardcover 1st ed. 2001
Dimensions:   Width: 15.50cm , Height: 1.20cm , Length: 23.50cm
Weight:   0.454kg
ISBN:  

9783642074837

ISBN 10:   3642074839
Pages:   220
Publication Date:   30 November 2010
Audience:   Professional and scholarly ,  Professional and scholarly ,  Professional & Vocational ,  Professional & Vocational
Format:   Paperback
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 Contents

I 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.

Reviews

Author Information

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions