Globalizing Capital:
A History of the International Monetary System
Barry Eichengreen

Book Description | Reviews

TABLE OF CONTENTS:

	Preface
Ch. 1	Introduction	3
Ch. 2	The Gold Standard	7
	Prehistory	8
	The Dilemmas of Bimetallism	9
	The Lure of Bimetallism	13
	The Advent of the Gold Standard	15
	Shades of Gold	20
	How the Gold Standard Worked	25
	The Gold Standard as a Historically Specific Institution	30
	International Solidarity	32
	The Gold Standard and the Lender of Last Resort	35
	Instability at the Periphery	38
	The Stability of the System	42
Ch. 3	Interwar Instability	45
	Chronology	46
	Experience with Floating: The Controversial Case of the Franc	51
	Reconstructing the Gold Standard	57
	The New Gold Standard	61
	Problems of the New Gold Standard	63
	The Pattern of International Payments	68
	Responses to the Great Depression	72
	Banking Crises and Their Management	75
	Disintegration of the Gold Standard	77
	Sterling's Crisis	80
	The Dollar Follows	85
	Managed Floating	88
	Conclusions	91
Ch. 4	The Bretton Woods System	93
	Wartime Planning and Its Consequences	96
	The Sterling Crisis and the Realignment of European Currencies	102
	The European Payments Union	106
	Payments Problems and Selective Controls	109
	Convertibility: Problems and Progress	113
	Special Drawing Rights	117
	Declining Controls and Rising Rigidity	120
	The Battle for Sterling	125
	The Crisis of the Dollar	128
Ch. 5	From Floating to Monetary Unification	136
	Floating Exchange Rates in the 1970s	139
	Floating Exchange Rates in the 1980s	145
	The Snake	152
	The European Monetary System	160
	Renewed Impetus for Integration	167
	The EMS Crisis	171
	Understanding the Crisis	175
	The Experience of Developing Countries	181
	The Asian Crisis	186
	Conclusions	191
Ch. 6	Conclusion	192
	Glossary	197
	References	205
	Index	221

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File created: 11/5/2009

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