The Development of International Monetary Policy

1st Edition

Christopher E.S. Warburton

Routledge
Published August 24, 2017
Reference - 176 Pages - 15 B/W Illustrations
ISBN 9781138296596 - CAT# Y365333
Series: Routledge International Studies in Money and Banking

USD$145.00

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Summary

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.

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