000			03629nam a2200409 i 4500
001			CR9781139045841
003			UkCbUP
005			20240905193641.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			110303s2012||||enk o ||1 0|eng|d
020			_a9781139045841 (ebook)
020			_z9780521811330 (hardback)
020			_z9781107459427 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHG3894 _b.C745 2012
082	0	0	_a332.4/5 _223
245	0	0	_aCredibility and the international monetary regime : _ba historical perspective / _cedited by Michael D. Bordo, Ronald MacDonald.
246	3		_aCredibility & the International Monetary Regime
264		1	_aCambridge : _bCambridge University Press, _c2012.
300			_a1 online resource (xiii, 240 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
490	1		_aStudies in macroeconomic history
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505	0		_aCredibility and the international monetary regime : theoretical and historical perspectives / Michael D. Bordo and Ronald MacDonald -- Credibility and fundamentals : were the classical and inter-war gold standards well-behaved target zones? / Paul Hallwood, Ronald MacDonald, and Ian Marsh -- Interest rate interactions in the classical gold standard, 1880-1914 : was there any monetary independence? / Michael D. Bordo and Ronald MacDonald -- Realignment expectations and the US dollar, 1890-1897 : was there a peso problem? / by C. Paul Hallwood, Ronald MacDonald, and Ian W. Marsh -- The inter-war gold exchange standard : credibility and monetary independence / Michael D. Bordo and Ronald MacDonald -- 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 -- Did impending war in Europe help destroy the gold bloc in 1936? : an internal inconsistency hypothesis / Paul Hallwood, Ronald MacDonald, and Ian Marsh -- Sterling in crisis, 1964-1967 / Michael D. Bordo, Ronald MacDonald, and Michael J. Oliver -- On the mean-reverting properties of target zone exchange rates : some evidence from the ERM / Myrvin Anthony and Ronald MacDonald -- Credibility and interest rate discretion in the ERM / Hali Edison and Ronald MacDonald.
520			_aThe present global monetary regime is based on floating among the major advanced countries. A key underlying factor behind the present regime is credibility to maintain stable monetary policies. The origin of credibility in monetary regimes goes back to the pre-1914 classical gold standard. In that regime, adherence by central banks to the rule of convertibility of national currencies in terms of a fixed weight of gold provided a nominal anchor to the price level. Between 1914 and the present several monetary regimes gradually moved away from gold, with varying success in maintaining price stability and credibility. In this book, the editors present ten studies combining historical narrative with econometrics that analyze the role of credibility in four monetary regimes, from the gold standard to the present managed float.
650		0	_aMonetary unions.
650		0	_aInternational economic relations.
700	1		_aBordo, Michael D., _eeditor.
700	1		_aMacDonald, Ronald, _d1955- _eeditor.
776	0	8	_iPrint version: _z9780521811330
830		0	_aStudies in macroeconomic history.
856	4	0	_uhttps://doi.org/10.1017/CBO9781139045841
942			_2ddc _cEB
999			_c9858 _d9858