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Money and Monetary Regimes Struggle for Monetary Supremacy
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George Macesich
Book Code: C7218
ISBN: 0-275-97218-6
ISBN-13: 978-0-275-97218-9
184 pages, figure, tables
Praeger Publishers
Publication: 10/30/2001
List Price: $106.95 (UK Sterling Price: £59.95)
Availability: Out of stock
Media Type: Hardcover
Trim Size: 6 1/8 x 9 1/4
Subjects: Reviews:
  • [o]ffers insights into the monetary and political problems appearing in past and ongoing struggles for fiscal supremacy in the US and elsewhere.
    —Business Horizons     July-August 2003
  • Studies past and ongoing struggles for monetary supremacy in the United States and elsewhere.
    —Journal of Economic Literature     June 2002
  • What is the really interesting insight in the book? It is a technical point in monetary economics that probably would repay attention and would have substantial implications for historical analyses of monetary systems.
    —EH.NET     May 2002
Description: Combining a rich mixture of technical economics, political repercussions, and even the psychology of symbols and beliefs, monetary problems are both fascinating and perplexing. Given the unprecedented fiat monetary regime currently emerging, past and present struggles for monetary supremacy provide valuable lessons. This book provides insight into monetary and political problems as they appear in past and ongoing struggles for monetary supremacy in the United States and elsewhere. In effect, the issue is control over the stock of money. After examining such subjects as the failure of a common currency and the rise of barter economies, pricing in the currency of another country, specie standard monetary regimes with fixed exchange rates, currency boards, and common currency, the book considers the obstacles to the operation and survival of the current fiat monetary system. Arguing that member nation-states with competing and conflicting agendas pose the most serious obstacle, the book concludes with a consideration of cooperation theory.
Table of Contents:
  • Preface
  • Past and Present Monetary Regimes
  • Struggle for Monetary Supremacy: Early American Experience
  • Contemporary Experience: Fiat Monetary Regime
  • Moving to a Fiat Monetary Regime
  • A Theoretical Framework
  • Inflation and the Monetary Regime
  • A Role for Fiscal Policy
  • Rational Expectations and Monetary Policy
  • Constraining the Struggle for Monetary Supremacy: Cooperation Theory
  • Selected Bibliography
  • Index
LC Card Number: 2001021162
LCC Class: HG230
Dewey Class: 332
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