Building trust in the international monetary system : the different cases of commodity money and fiat money / Giovanni Battista Pittaluga, Elena Seghezza.
Pittaluga, Giovanni Battista, author.; Seghezza, Elena, author.
2021
HG3881 .P58 2021
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Title
Building trust in the international monetary system : the different cases of commodity money and fiat money / Giovanni Battista Pittaluga, Elena Seghezza.
Author
Pittaluga, Giovanni Battista, author.
ISBN
9783030784911 (electronic bk.)
3030784916 (electronic bk.)
9783030784904
3030784908
DOI
https://doi.org/10.1007/978-3-030-78491-1
Published
Cham : Springer, [2021]
Copyright
©2021
Language
English
Description
1 online resource : illustrations (some color)
Item Number
10.1007/978-3-030-78491-1 doi
Call Number
HG3881 .P58 2021
Dewey Decimal Classification
332/.042
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.
Bibliography, etc. Note
Includes bibliographical references.
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Access limited to authorized users.
Digital File Characteristics
text file
PDF
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed August 2, 2021).
Added Author
Seghezza, Elena, author.
Series
Frontiers in economic history. 2662-9771
Available in Other Form
Print version: 9783030784904
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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.

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