The World Monetary Order: Theory and Practice
An understanding of the workings of the gold standard system during the period covering the latter half of the nineteenth century and the present century until the beginning of the Bretton Woods system is essential if we are to seek some of the reasons for the present world monetary crisis. The period can be divided into three sections, 1850–1914, 1925–31 and 1931 onwards.
KeywordsMonetary Policy Central Bank Current Account National Currency European Economic Community
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- P. Einzig, The Case against Floating Exchange Rates (London: Macmillan, 1970).Google Scholar
- One of the best accounts of the workings of the system is to be found in W. M. Scammell, International Monetary Policy (London: Macmillan, 1961).Google Scholar
- Probably the best account of the record of the Bretton Woods system is to be found in Brian Tew, International Monetary Co-operation, 1945–70 (London: Hutchinson University Library, 1970).Google Scholar
- See R. Trifin, The Return to Convertability: 1926–1931 and 1958—?, Banca Nazionale del Lavoro, Review, March 1959.Google Scholar