Building Trust in the International Monetary System : The Different Cases of Commodity Money and Fiat Money / by Giovanni Battista Pittaluga, Elena Seghezza

By:

Pittaluga, Giovanni Battista [VerfasserIn]

Contributor(s):

Seghezza, Elena [VerfasserIn]

Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Frontiers in Economic History | Springer eBook CollectionPublisher: Cham : Springer International Publishing, 2021Publisher: Cham : Imprint: Springer, 2021Edition: 1st ed. 2021Description: 1 Online-Ressource (XIV, 274 p. 23 illus., 8 illus. in color.)ISBN:

9783030784911

Subject(s): Additional physical formats: 9783030784904 | 9783030784928 | 9783030784935 | Erscheint auch als: 9783030784904 Druck-Ausgabe | Erscheint auch als: 9783030784928 Druck-Ausgabe | Erscheint auch als: 9783030784935 Druck-Ausgabe | Erscheint auch als: Building trust in the international monetary system. Druck-Ausgabe Cham, Switzerland : Springer, 2021. xiv, 274 SeitenDDC classification:

330.9 23

DOI: DOI: 10.1007/978-3-030-78491-1Online resources:

Summary: Introduction - The Main Features of the International Money's Evolution -- Money and the International Monetary System: Origins and Evolution -- The Classic Gold Standard -- The Gold-Exchange Standard, its Collapse, and the Interwar Lack of an International Money -- The Bretton Woods System -- The Dollar Standard -- Critical Issues in the Current International Monetary System and Future Prospects -- Conclusions.Summary: 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.PPN: PPN: 1765214815Package identifier: Produktsigel: ZDB-2-ECF | ZDB-2-SEB | ZDB-2-SXEF

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