Building Trust in the International Monetary System

Building Trust in the International Monetary System

The politics of international money and world language. Princeton University, Dept. of Economics, Essays in International Finance n. 61.

Author: Giovanni Battista Pittaluga

Publisher: Springer Nature

ISBN: 9783030784911

Category: Electronic books

Page:

View: 180

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.
Categories: Electronic books

International Monetary Power

International Monetary Power

Britain and the United States both provided currency leadership in their ... “ The Politics of International Money and World Language , ” Princeton Essays ...

Author: David M. Andrews

Publisher: Cornell University Press

ISBN: 080144456X

Category: Business & Economics

Page: 216

View: 538

This book provides a thorough overview of how money is used as a tool to achieve international political aims.
Categories: Business & Economics

Currency Competition and Foreign Exchange Markets

Currency Competition and Foreign Exchange Markets

`The politics of international money and world language', Essays in International Finance, 61 (Princeton University) (1972). `The bene®ts of international ...

Author: Philipp Hartmann

Publisher: Cambridge University Press

ISBN: 0521632730

Category: Business & Economics

Page: 196

View: 296

A study of international currencies which focuses on the role of the Euro.
Categories: Business & Economics

The International Origins of the Federal Reserve System

The International Origins of the Federal Reserve System

Supplemental Factors Contributing to International Currency Use Once the ... P. Kindleberger, The Politics of International Money and World Language, ...

Author: J. Lawrence Broz

Publisher: Cornell University Press

ISBN: 9781501722370

Category: Political Science

Page: 286

View: 225

The Federal Reserve Act of 1913 created the infrastructure for the modern American payments system. Probing the origins of this benchmark legislation, J. Lawrence Broz finds that international factors were crucial to its conception and passage. Until its passage, the United States had suffered under one of the most inefficient payment systems in the world. Serious banking panics erupted frequently, and nominal interest rates fluctuated wildly. Structural and regulatory flaws contributed not only to financial instability at home but also to the virtual absence of the dollar in world trade and payments. Key institutional features of the Federal Reserve Act addressed both these shortcomings but it was the goal of internationalizing usage of the dollar that motivated social actors to pressure Congress for the improvements. With New York bankers in the forefront, an international coalition lobbied for a system that would reduce internal problems such as recurring panics, and simultaneously allow New York to challenge London's preeminence as the global banking center and encourage bankers to make the dollar a worldwide currency of record. To those who organized the political effort to pass the Act, Broz contends, the creation of the Federal Reserve System was first and foremost a response to international opportunities.
Categories: Political Science

International Money

International Money

Introduction PART ONE INTERNATIONAL MONEY 1 2 3 4 5 6 7 8 9 The Benefits of International Money The Politics of International Money and World Language Time ...

Author: Charles P. Kindlerberger

Publisher: Routledge

ISBN: 9781136610868

Category: Business & Economics

Page: 352

View: 428

This book was first published in 1981.
Categories: Business & Economics

Routledge Encyclopedia of International Political Economy

Routledge Encyclopedia of International Political Economy

ÐÐ (1967) `The politics of international money and world language', Princeton Essays in International Finance no. 61. ÐÐ (1970) Power and Money: The ...

Author: R. J. Barry Jones

Publisher: Routledge

ISBN: 9781136927393

Category: Business & Economics

Page: 1864

View: 102

This three volume Encyclopedia offers the first comprehensive and authoritative survey of the rapidly developing field of international political economy. Its entries cover the major theoretical issues and analytical approaches within the field. The set also provides detailed discussion of the contributions of key individuals and surveys a wide range of empirical conditions and developments within the global political economy, including its major institutions. The Encyclopedia has been designed to be eclectic in approach and wide-ranging in coverage. Theoretical entries range from discussions of the definition and scope of the field, through core methodological questions such as rationalism and the structure-agent problem, to surveys of the major theories and approaches employed in the study of the international political economy.
Categories: Business & Economics

Routledge Encyclopedia of International Political Economy Entries G O

Routledge Encyclopedia of International Political Economy  Entries G O

( 1967 ) ' The politics of international money and world language ' , Princeton Essays in International Finance no . 61 . ( 1970 ) Power and Money : The ...

Author: R. J. Barry Jones

Publisher: Taylor & Francis

ISBN: 0415243513

Category: Economics

Page: 1818

View: 149

This important new work is the first comprehensive reference to the rapidly developing field of international political economy [IPE]. Featuring over 1200 A-Z entries, the coverage encompasses the full range of issues, concepts, and institutions associated with IPE in its various forms. Comprehensively cross-referenced and indexed, each entry provides suggestions for further reading along with guides to more specialized sources. Selected entries include: * African Development Bank * benign neglect * Black Monday * casino capitalism * debt management * efficiency * floating exchange rates * General Agreement on Tariffs and Trade [GATT] *information society/economy * Organization of Petroleum-Exporting Countries [OPEC] * Microsoft * multinational corporations, definitions * NATO * patents * rent-seeking * Schellin, Thomas *tax havens * trusts * Value-Added Tax [VAT] * zero-sum games * and many more.
Categories: Economics

The International Monetary System

The International Monetary System

(March 1966) Raymond F. Mikesell, Public Foreign Capital for Private Enterprise ... P. Kindleberger, The Politics of International Money and World Language.

Author: Peter B Kenen

Publisher: Routledge

ISBN: 9781000302608

Category: Political Science

Page: 405

View: 446

For 50 years, the International Finance Section at Princeton University has encouraged and published work in international finance. This volume, a semicentennial celebration of the Section's essays in international finance, is comprised of 12 essays.
Categories: Political Science

The Future of the Dollar

The Future of the Dollar

The Politics of International Money and World Language. Essays in International Finance 61. Princeton: International Finance Section, Princeton University.

Author: Eric Helleiner

Publisher: Cornell University Press

ISBN: 9780801458736

Category: Political Science

Page: 272

View: 600

For half a century, the United States has garnered substantial political and economic benefits as a result of the dollar's de facto role as a global currency. In recent years, however, the dollar's preponderant position in world markets has come under challenge. The dollar has been more volatile than ever against foreign currencies, and various nations have switched to non-dollar instruments in their transactions. China and the Arab Gulf states continue to hold massive amounts of U.S. government obligations, in effect subsidizing U.S. current account deficits, and those holdings are a point of potential vulnerability for American policy. What is the future of the U.S. dollar as an international currency? Will predictions of its demise end up just as inaccurate as those that have accompanied major international financial crises since the early 1970s? Analysts disagree, often profoundly, in their answers to these questions. In The Future of the Dollar, leading scholars of dollar's international role bring multidisciplinary perspectives and a range of contrasting predictions to the question of the dollar's future. This timely book provides readers with a clear sense of why such disagreements exist and it outlines a variety of future scenarios and the possible political implications for the United States and the world.
Categories: Political Science

Federalism Failure and Success

Federalism  Failure and Success

Charles P. Kindleberger, The Politics of International Money and World Language, Essays in International Finance, no. 61 (Princeton: International Finance ...

Author: Ursula K. Hicks

Publisher: Springer

ISBN: 9781349040063

Category: Political Science

Page: 205

View: 649

Categories: Political Science

Monetary Orders

Monetary Orders

In Monetary Problems of the International Economy, edited by Robert A. Mundell and Alexander K. Swoboda. ... The Politics of Money and World Language.

Author: Jonathan Kirshner

Publisher: Cornell University Press

ISBN: 9781501731624

Category: Political Science

Page: 336

View: 877

Wherever there is money, there is money politics-a subject demanding ever greater attention at a time when monetary policies lead and the real economy follows. A principal defining characteristic of the contemporary global economy, Jonathan Kirshner contends, is the rise and preeminence of monetary phenomena—international financial crises, Central Bank Independence and inflation fighting, the creation of the euro, and monetary reform in emerging economies, to name only a few. Moreover, unlike most debates in political economy (such as those regarding trade policy), which are generally recognized as political, monetary phenomena and macroeconomic policies are typically represented as expressly apolitical. In Monetary Orders, a distinguished group of scholars explores the inescapable political origins of choices about money. The essays in Monetary Orders each address a specific issue or puzzle relating to money and its management. Their authors focus on markedly disparate cases but share a common observation: for most policy choices about money, market forces and economic logic can rule out certain options, but are indeterminate in explaining why one policy rather than another will be chosen. Ultimately, political factors are essential to explain fundamental and consequential choices about money.
Categories: Political Science

Currency and Coercion

Currency and Coercion

The Political Economy of International Monetary Power Jonathan Kirshner ... The Politics of International Money and World Language , Essays in International ...

Author: Jonathan Kirshner

Publisher: Princeton University Press

ISBN: 9780691222226

Category: Political Science

Page:

View: 419

Jonathan Kirshner here examines how states can and have used international currency relationships and arrangements as instruments of coercive power for the advancement of state security. Kirshner lays the groundwork for the study of what he calls monetary power by providing a taxonomy of the forms that such power can take and of the conditions under which it can have effect. He then establishes the actual existence of monetary power by showing how the taxonomy is supported by the historical record, including cases from nations from all over the globe and throughout the twentieth century. He uncovers how monetary power is affected by different monetary regimes, the sources of its success and failure, and the factors that lead states to turn to its use. Kirshner thus succeeds in developing a generalized framework for the analysis of an important yet neglected form of state power that is likely to be of increasing importance in the post-Cold War era. Although some distinguished scholars have touched on the issue of monetary power, there has been until now no standard text on the subject. Integrating security studies and international political economy, this book is a timely synthesis that will be important to the entire discipline of international relations.
Categories: Political Science

The International Organization of Credit

The International Organization of Credit

The politics of international money and world language , " in Kindleberger ( 1981 ) 1969/1981 . " The Eurodollar and the internationalization of United ...

Author: Randall D. Germain

Publisher: Cambridge University Press

ISBN: 0521598516

Category: Political Science

Page: 203

View: 489

He argues that the private global credit system which has replaced Bretton Woods is anchored unevenly across the world's three principal financial centers: New York, London, and Tokyo. This new balance of power is fragmented with respect to relations between states and ambiguous in terms of how power is exercised between public authorities and private financial institutions. Germain's analysis thus suggests that we are living through a period of fragile international monetary order.
Categories: Political Science

Dilemmas of the Dollar

Dilemmas of the Dollar

Charles P. Kindleberger has also made this point in numerous places, for example, in "The Politics of International Money and World Language," Princeton ...

Author: C. Fred Bergsten

Publisher: M.E. Sharpe

ISBN: 0873326008

Category: Business & Economics

Page: 597

View: 769

An examination of the role of the dollar in the global financial system which presents a long-term historical perspective on the international monetary system in this century. The main focus is on the evaluation of the global financial system in the post-war period.
Categories: Business & Economics

The Origins of International Economic Disorder

The Origins of International Economic Disorder

A Study of United States International Monetary Policy from World War II to the Present Fred L. ... The Politics of International Money and World Language .

Author: Fred L. Block

Publisher: Univ of California Press

ISBN: 0520030095

Category: Balance of payments

Page: 282

View: 930

Categories: Balance of payments

Ideology and the International Economy

Ideology and the International Economy

International Monetary Co-operation since Bretton Woods. IMF, Washington, DC: Oxford University ... The Politics of International Money and World Language.

Author: R. Leeson

Publisher: Springer

ISBN: 9780230286023

Category: Business & Economics

Page: 242

View: 472

For twenty-five years, the International Monetary Fund administered a worldwide system of fixed exchange rates until their system was destroyed by a combination of market forces and those who advocated market forces. The first destructive element has been extensively analyzed; the second has hitherto been almost completely ignored. Robert Leeson examines the process by which the case for flexible exchange rates was transformed from an academic exercise to become the organizing principle for international monetary relations.
Categories: Business & Economics

Oxford Handbook of the International Relations of Asia

Oxford Handbook of the International Relations of Asia

The Politics of International Money and World Language.” Essays in International Finance no. 61, Princeton, NJ: Princeton University, International Finance ...

Author: Saadia M. Pekkanen

Publisher: Oxford University Press, USA

ISBN: 9780199916245

Category: Political Science

Page: 810

View: 994

This handbook examines the theory and practice of international relations in Asia. Building on an investigation of how various theoretical approaches to international relations can elucidate Asia's empirical realities, authors examine the foreign relations and policies of major countries or sets of countries.
Categories: Political Science

The Oxford Handbook of the International Relations of Asia

The Oxford Handbook of the International Relations of Asia

The Politics of International Money and World Language.” Essays in International Finance no. 61, Princeton, NJ: Princeton University, International Finance ...

Author: Saadia M. Pekkanen

Publisher: Oxford University Press

ISBN: 9780199916252

Category: Political Science

Page: 704

View: 780

In the past quarter century, the importance of Asia in international relations has grown exponentially. This Handbook gathers the most important scholars in the field of Asia's international relations to address this momentous change in world politics. The editors and contributors focus on three basic themes: assessing appropriate theories for explaining the evolution of the international relations of Asian countries within the region and with the rest of the world; tracing the recent history of Asia in world politics; and focusing on emerging trends. The Handbook brings readers the latest scholarship on the bilateral, regional, and global relations of Asian countries in the fields of political economy, national security, and human security. Comprehensive in theme, breadth, and methodology, this Handbook is a timely addition to the existing literature on the changes currently underway in Asian countries that promise to have significant implications for world politics.
Categories: Political Science