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From Gold to Euro
By:Heinz-Peter Spahn
Published on 2001-02-26 by Springer Science & Business Media

This book shows that the use of money transforms a market economy into a payment society where production and employment are subordinated to the logic of asset markets. Monetary policy emerged out of private banking business and was always exposed to the risk of losing credibility and reputation. The stability of key currency systems was based on different policy preferences. A simple game-theoretic macro model explains the working and the downfall of the gold standard, Bretton Woods and the European Monetary System. It is shown that waning willingness to accept foreign leadership in monetary policy affairs propelled the creation of the euro.

This Book was ranked at 39 by Google Books for keyword Credit theory of money.

Book ID of From Gold to Euro's Books is e33KD18WCxMC, Book which was written byHeinz-Peter Spahnhave ETAG "Zrjqo8RRjD0"

Book which was published by Springer Science & Business Media since 2001-02-26 have ISBNs, ISBN 13 Code is 9783540416050 and ISBN 10 Code is 3540416056

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Book which have "220 Pages" is Printed at BOOK under CategoryBusiness and Economics

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