Monetary regimes and inflation: history, economic and political relationships
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Cheltenham [u.a.]
Elgar
2015
|
Ausgabe: | 2. ed. |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | XII, 229 S. graph. Darst. |
ISBN: | 9781784717629 9781784717643 |
Internformat
MARC
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650 | 0 | 7 | |a Wirtschaftliche Stabilität |0 (DE-588)4211986-8 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Wechselkurspolitik |0 (DE-588)4131291-0 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Internationales Währungssystem |0 (DE-588)4072901-1 |2 gnd |9 rswk-swf |
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Datensatz im Suchindex
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adam_text |
Preface viii
Preface to the second edition x
Acknowledgements xii
1 Introduction 1
2 Inflation and monetary regimes 3
2.1 ^Inflation as a monetary phenomenon 3
2.2 Inflations: long-term historical evidence 10
2.3 A description of different monetary regimes 12
2.4 Monetary regimes and inflation 14
2.5 The inflationary bias of political systems 18
2.6 The influence of monetary regimes 21
2.7 Some other characteristics of monetary constitutions 23
2.8 Conclusions 26
3 Inflation under metallic monetary regimes 29
3.1 Inflation caused by an additional supply of the monetary
metal 29
3.2 The debasement of metal standards by rulers 32
3.3 Reasons for the introduction and maintenance of stable metallic
monetary regimes 38
3.4 Price and exchange controls 40
3.5 Consequences of inflation for the real economy 42
3.6 Conclusions 44
4 Moderate paper money inflations 48
4.1 The introduction of paper money 48
4.2 Paper money inflation in Sweden during the 18th century 49
4.3 Paper money inflation in Massachusetts, 1703-1749 53
4.4 Inflation during the American War of Independence 55
4.5 Paper money inflation during the American Civil War 58
4.6 Chinese paper money inflation under the Ming regime 60
4.7 Conclusions 69
5 Characteristics of hyperinflations 72
5.1 Introduction 72
5.2 Some characteristics of the French hyperinflation 74
5.3 Hyperinflations are caused by government budget deficits 77
5.4 Real stock of money and currency substitution 82
5.5 Undervaluation and currency substitution 90
5.6 * Undervaluation as a consequence of currency substitution: a
simple model 98
5.7 Other characteristics of hyperinflations 100
5.7.1 Consequences of high inflation for capital markets 100
5.7.2 The development of prices 103
5.8 Economic activity and unemployment 109
5.9 The political economy of high inflation 112
5.10 Social and political consequences of hyperinflation 115
5.11 Conclusions 118
a
6 Currency competition, inflation, Gresham’s Law and
exchange rate 122
6.1 Introduction 122
6.2 Empirical evidence for periods one to three 124
6.3 *The model 126
6.4 *First period: introduction of paper money 129
6.5 ^Second period: fixed exchange rate and loss of official reserves 130
6.6 *Third period: Gresham’s Law at work 131
6.7 ^Fourth Period: The return of good money 134
6.8 Conclusions 139
7 Ending mild or moderate inflations 143
7.1 Conditions favouring the stabilisation of moderate inflation 143
7.2 Restoration of stable monetary constitutions after wars at the old
parity 144
7.3 Preconditions for returning to a stable monetary regime at a new
parity 146
7.4 Further discussion of historical examples 154
7.5 More recent historical examples 159
7.6 Conclusions 165
8 Currency reforms ending hyperinflations 168
8.1 Introduction 168
8.2 Political-economic preconditions for initiating successful
reforms 170
8.3 Sufficient economic and institutional conditions for successful
currency reforms 171
8.4 Characteristics of most successful currency reforms: empirical
evidence 174
8.5 Less and least successful reforms 183
8.6 The influence of wrong evaluations of reform packages by the
public 197
8.7 Conclusions 201
9 Forces establishing, maintaining and eroding stable
monetary regimes 205
9.1 Stable monetary regimes before the gold standard 205
9.2 Forces eroding and destroying stable monetary regimes 208
9.3 Conditions favouring the introduction of stable monetary
regimes 210
9.4 Conclusions 212
Appendix Sources for historical data not identified in the text and
literature relating to different cases of hyperinflation 214
Index
225 |
any_adam_object | 1 |
author | Bernholz, Peter 1929-2024 |
author_GND | (DE-588)170033732 |
author_facet | Bernholz, Peter 1929-2024 |
author_role | aut |
author_sort | Bernholz, Peter 1929-2024 |
author_variant | p b pb |
building | Verbundindex |
bvnumber | BV042924981 |
classification_rvk | QM 330 |
ctrlnum | (OCoLC)910591801 (DE-599)GBV822180715 |
discipline | Wirtschaftswissenschaften |
edition | 2. ed. |
format | Book |
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id | DE-604.BV042924981 |
illustrated | Illustrated |
indexdate | 2024-08-23T00:06:51Z |
institution | BVB |
isbn | 9781784717629 9781784717643 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028352234 |
oclc_num | 910591801 |
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owner_facet | DE-M382 DE-N2 DE-384 |
physical | XII, 229 S. graph. Darst. |
publishDate | 2015 |
publishDateSearch | 2015 |
publishDateSort | 2015 |
publisher | Elgar |
record_format | marc |
spelling | Bernholz, Peter 1929-2024 Verfasser (DE-588)170033732 aut Monetary regimes and inflation history, economic and political relationships Peter Bernholz 2. ed. Cheltenham [u.a.] Elgar 2015 XII, 229 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Inflation (DE-588)4026887-1 gnd rswk-swf Welt (DE-588)4065341-9 gnd rswk-swf Währungssystem (DE-588)4121891-7 gnd rswk-swf Wirtschaftliche Stabilität (DE-588)4211986-8 gnd rswk-swf Wechselkurspolitik (DE-588)4131291-0 gnd rswk-swf Internationales Währungssystem (DE-588)4072901-1 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Hyperinflation (DE-588)7696600-8 gnd rswk-swf Inflation (DE-588)4026887-1 s Geldpolitik (DE-588)4019902-2 s Wechselkurspolitik (DE-588)4131291-0 s Währungssystem (DE-588)4121891-7 s Hyperinflation (DE-588)7696600-8 s Welt (DE-588)4065341-9 s DE-604 Wirtschaftliche Stabilität (DE-588)4211986-8 s 1\p DE-604 Internationales Währungssystem (DE-588)4072901-1 s 2\p DE-604 Erscheint auch als Online-Ausgabe 978-1-78471-763-6 Digitalisierung UB Augsburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028352234&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Bernholz, Peter 1929-2024 Monetary regimes and inflation history, economic and political relationships Inflation (DE-588)4026887-1 gnd Welt (DE-588)4065341-9 gnd Währungssystem (DE-588)4121891-7 gnd Wirtschaftliche Stabilität (DE-588)4211986-8 gnd Wechselkurspolitik (DE-588)4131291-0 gnd Internationales Währungssystem (DE-588)4072901-1 gnd Geldpolitik (DE-588)4019902-2 gnd Hyperinflation (DE-588)7696600-8 gnd |
subject_GND | (DE-588)4026887-1 (DE-588)4065341-9 (DE-588)4121891-7 (DE-588)4211986-8 (DE-588)4131291-0 (DE-588)4072901-1 (DE-588)4019902-2 (DE-588)7696600-8 |
title | Monetary regimes and inflation history, economic and political relationships |
title_auth | Monetary regimes and inflation history, economic and political relationships |
title_exact_search | Monetary regimes and inflation history, economic and political relationships |
title_full | Monetary regimes and inflation history, economic and political relationships Peter Bernholz |
title_fullStr | Monetary regimes and inflation history, economic and political relationships Peter Bernholz |
title_full_unstemmed | Monetary regimes and inflation history, economic and political relationships Peter Bernholz |
title_short | Monetary regimes and inflation |
title_sort | monetary regimes and inflation history economic and political relationships |
title_sub | history, economic and political relationships |
topic | Inflation (DE-588)4026887-1 gnd Welt (DE-588)4065341-9 gnd Währungssystem (DE-588)4121891-7 gnd Wirtschaftliche Stabilität (DE-588)4211986-8 gnd Wechselkurspolitik (DE-588)4131291-0 gnd Internationales Währungssystem (DE-588)4072901-1 gnd Geldpolitik (DE-588)4019902-2 gnd Hyperinflation (DE-588)7696600-8 gnd |
topic_facet | Inflation Welt Währungssystem Wirtschaftliche Stabilität Wechselkurspolitik Internationales Währungssystem Geldpolitik Hyperinflation |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028352234&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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