UID:
almahu_9948265329402882
Format:
1 online resource (272 p.) ;
,
cm.
ISBN:
9781786430304 (e-book)
Series Statement:
New thinking in political economy
Content:
Monetary problems are important and widely debated, but the complexity of the international monetary system and the disparate systems that make it up gives rise to many fallacies about the inner workings of these systems. When shared by those who decide economic and monetary policies, these fallacies can have damaging consequences. This book provides a rigorous and approachable analysis of these systems and consequences, providing the keys to untangling and understanding their mechanisms and influence. A clear understanding of the working of monetary systems becomes an indispensable decision-making tool when it comes to pressing questions about reform and issues of global debate such as whether a country should join (or leave) the Eurozone or attempts to cure the so-called 'balance of payments problems'. Starting from basic concepts, Pascal Salin progressively builds upon his analysis of monetary systems in a coherent and easily readable way, drawing on the most reliable theoretical contributions from research and giving examples of lessons that can be drawn from this rigorous examination of topics including devaluations, fixed and flexible exchange rates, monetary integration, monetary crises, monetary policy, and more. His clear, orderly style pares down accumulated details and theories to leave a concise and usable toolkit for analysis and action. This book makes it possible for anyone, starting from scratch, to come to a comprehensive understanding of the working of monetary systems. Students and scholars in economics as well as policy makers and practitioners will find this lucid volume an important resource and reference, as it provides intellectual instruments to evaluate the working of any monetary system.
Note:
Part I basic statements and analyses -- 1. The concept of nation -- 2. The theory of exchange -- 3. Equilibrium and disequilibrium -- 4. The demand for money -- 5. Money creation -- 6. The exchange rate -- 7. An overview of monetary systems and exchange rate regimes -- Part II the balance of payments -- 8. The accounting approach to the balance of payments -- 9. The economic approach to the balance of payments -- 10. Lessons from the analysis of the balance of payments -- Part III international monetary equilibrium in modern monetary systems -- 11. Money creation in hierarchical systems -- 12. Inflation, a monetary phenomenon -- 13. The formation of international prices -- 14. General principles about the working of fixed exchange rate systems and flexible exchange rate systems -- 15. The monetary approach to the balance of payments (under fixed exchange rates) -- 16. The processes of transmission between monetary systems under fixed exchange rates -- 17. International monetary equilibrium under fixed exchange rates -- 18. The monetary approach to exchange rate variations -- 19. The devaluation -- Part IV monetary problems -- 20. The very long term evolution of monetary systems -- 21. The working of fixed rate systems without an international currency -- 22. Monetary policy and monetary crises -- 23. Monetary integration in Europe -- Conclusion: the future of monetary systems.
Additional Edition:
ISBN 9781786430298 (hardback)
Language:
English
Keywords:
Electronic books.
;
Electronic books
;
Electronic books
;
Electronic books.
URL:
https://www.elgaronline.com/view/9781786430298.xml
URL:
Deutschlandweit zugänglich
URL:
Deutschlandweit zugänglich
URL:
FULL
((Currently Only Available on Campus))
URL:
https://www.elgaronline.com/view/9781786430298.xml
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