Publication

2010 - Cambridge University Press, Cambridge, England

Language

English

Word Count

98,000 words, Guess

Page Count

392 pages

Identifiers

and 3 more

Classifications

  • DDC332.4/56094
  • LCCHG3942 .S78 2010

Description

"Most European countries are rather small, yet we know little about their monetary history. This book analyses for the first time the experience of seven small states (Austria, Belgium, Denmark, the Netherlands, Norway, Sweden, and Switzerland) during the last hundred years, starting with the restoration of the gold standard after World War I and ending with Sweden's rejection of the Euro in 2003. The comparative analysis shows that for the most part of the twentieth century the options of policy makers were seriously constrained by a distinct fear of floating exchange rates. Only with the crisis of the European Monetary System (EMS) in 1992-93 did the idea that a flexible exchange rate regime was suited for a small open economy gain currency. The book also analyses the differences among small states and concludes that economic structures or foreign policy orientations were far more important for the timing of regime changes than domestic institutions and policies"--

Subjects

Series Statement

  • Studies in macroeconomic history

Other Editions

  • Fixed ideas of money: small states and exchange rate regimes in twentieth-century EuropeCambridge University Press2010-01-01

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