First published in 1933, the original purpose of this book was to draw attention to the international aspects of monetary policy and to put forward the case for international co-operation in the monetary sphere. Paul Einzig highlights the negative impact that a lack of international spirit in monetary policy can have and promotes an increased understanding amongst nations. He discusses the failure of the Monetary and Economic Conference of June-July 1933 and expresses his belief that the monetary crisis of the time would be solved, if not through an agreement, then through the inevitable inflationary effect of the increasing economic difficulties.
Table of Contents
Preface; 1. Introductory 2. National Aspects of Monetary Policy 3. International Aspects of Monetary Policy 4. The Depreciation of Sterling 5. The Crisis of the Dollar 6. After the Collapse 7. Defence of the Gold Currencies 8. The World Economic conference 9. The American Case 10. The French Case 11. The British Case 12. Conclusion; Appendix I: Monetary Policy of the British Empire; Appendix II: The Economic conference; Appendix III: The Roosevelt Note