The Development of International Monetary Policy: 1st Edition (Hardback) book cover

The Development of International Monetary Policy

1st Edition

By Christopher E.S. Warburton

Routledge

176 pages | 15 B/W Illus.

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Hardback: 9781138296596
pub: 2017-08-24
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Description

The Development of International Monetary Policy traces the development of international monetary policy from mercantilism to quantitative easing. It has been structured to present some of the pressing issues in international monetary relations involving currency valuation, inflation, exchange rates, and regional monetary policy. Additionally, it presents international monetary law as a basis for understanding the concept of monetary sovereignty and the limits of state autonomy in an interdependent world of legal arrangements.

The book revisits some controversial arguments about stagflation and expansionary monetary policy, and it uses current time series data and empirical evidence to show why theories about the trade-off between inflation and unemployment are not extinct. Part of the concluding argument indicates that it is imperative for the international community to have a structure for monetary dispute resolutions involving autonomous states. Notably, the author further concludes that fiat money will continue to be a dominant unit of account, more so than crypto-currencies, into the distant future.

An accessible and practical read, this is book is a valuable resource for postgraduates, academics and researchers of international trade, finance and economics.

Table of Contents

Introduction, Chapter 1 - Commodity money, Chapter 2 – Fiat money and international law, Chapter 3 – The inflation-output conundrum, Chapter 4 – Currency substitution and management, Chapter 5 – Financial crises and money managements, Chapter 6 – Exchange rates as monetary policy tool, Chapter 7 – Intervention in foreign exchange markets and the future of money, Index

About the Author

Christopher Warburton is an international economist with a Ph.D. from Fordham University in New York. He has taught several courses in economics, and he is author of several peer reviewed papers and books. He currently teaches economics at East Stroudsburg University in Pennsylvania, U.S.

About the Series

Routledge International Studies in Money and Banking

This series explores the roles of money and banking in the modern world. Banking is an increasingly important and international industry, and its interaction with money is a major concern for the world's economic policy-makers.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS001010
BUSINESS & ECONOMICS / Accounting / Financial
BUS001020
BUSINESS & ECONOMICS / Accounting / Governmental
BUS001030
BUSINESS & ECONOMICS / International / Accounting
BUS004000
BUSINESS & ECONOMICS / Banks & Banking
BUS008000
BUSINESS & ECONOMICS / Business Ethics
BUS009000
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BUS010000
BUSINESS & ECONOMICS / Business Law
BUS017000
BUSINESS & ECONOMICS / Corporate Finance
BUS023000
BUSINESS & ECONOMICS / Economic History
BUS027000
BUSINESS & ECONOMICS / Finance
BUS045000
BUSINESS & ECONOMICS / Money & Monetary Policy
BUS051000
BUSINESS & ECONOMICS / Public Finance
BUS069020
BUSINESS & ECONOMICS / International / Economics
BUS069030
BUSINESS & ECONOMICS / Economics / Theory
BUS071000
BUSINESS & ECONOMICS / Leadership
BUS074010
BUSINESS & ECONOMICS / Nonprofit Organizations & Charities / Finance & Accounting
BUS085000
BUSINESS & ECONOMICS / Organizational Behavior
BUS103000
BUSINESS & ECONOMICS / Organizational Development
BUS104000
BUSINESS & ECONOMICS / Corporate Governance