Credibility and the International Monetary Regime

Herausgeber: Bordo, Michael D.; Macdonald, Ronald

• Gebundenes Buch

Produktbeschreibung

This book presents ten studies which combine historical narrative with econometrics to analyze the role of credibility in four monetary regimes.

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 256
• Erscheinungstermin: 21. Juni 2012
• Englisch
• Abmessung: 235mm x 157mm x 18mm
• Gewicht: 528g
• ISBN-13: 9780521811330
• ISBN-10: 0521811333
• Artikelnr.: 34540175

Inhaltsangabe

Part I. Introduction: 1. Credibility and the international monetary regime:
theoretical and historical perspectives Michael D. Bordo and Ronald
MacDonald; Part II. Classical Gold Standard: 2. Credibility and
fundamentals: were the classical and inter-war gold standards well-behaved
target zones? C. Paul Hallwood, Ronald MacDonald and Ian W. Marsh; 3.
Interest rate interactions in the classical gold standard, 1880-1914: was
there any monetary independence? Michael D. Bordo and Ronald MacDonald; 4.
Realignment expectations and the US dollar, 1890-7: was there a peso
problem? C. Paul Hallwood, Ronald MacDonald, and Ian W. Marsh; Part III.
Inter-War Period: 5. The inter-war gold exchange standard: credibility and
monetary independence Michael D. Bordo and Ronald MacDonald; 6. Crash!
Expectational aspects of the UK's and the USA's departures from the
inter-war gold standard C. Paul Hallwood, Ronald MacDonald and Ian W.
Marsh; 7. Did impending war in Europe help destroy the gold bloc in 1936?
An internal inconsistency hypothesis C. Paul Hallwood, Ronald MacDonald and
Ian W. Marsh; Part IV. Bretton Woods Period: 8. Sterling in crisis: 1964-7
Michael D. Bordo, Ronald MacDonald and Michael J. Oliver; Part V. The
European Monetary System: 9. On the mean-reverting properties of target
zone exchange rates: some evidence from the ERM Myrvin Anthony and Ronald
MacDonald; 10. Credibility and interest rate discretion in the ERM Hali
Edison and Ronald MacDonald.