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The international monetary system and the theory of monetary systems
Author
Title
The international monetary system and the theory of monetary systems [electronic resource] / Pascal Salin.
ISBN
9781786430304 (e-book)
Published
Northampton, MA : Edward Elgar Pub., c. 2016.
Physical Description
1 online resource (272 p.) ; cm.
Local Notes
Access is available to the Yale community.
Notes
Description based on print record.
Access and use
Access restricted by licensing agreement.
Summary
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.
Variant and related titles
Elgaronline.
Format
Books / Online
Language
English
Added to Catalog
November 23, 2016
Series
New thinking in political economy
Bibliography
Includes bibliographical references and index.
Contents
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.
Subjects
Also listed under
Edward Elgar Publishing.
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