Credibility and the International Monetary Regime : A Historical Perspective (Paperback)

Part I. Introduction: 1. Credibility and the international monetary regime: theoretical and historical perspectives Michael D. Bordo and Ronald MacDonald; Part II. Classical Gold Standard: 2. Credibility and fundamentals: were the classical and inter-war gold standards well-behaved target zones? C. Paul Hallwood, Ronald MacDonald and Ian W. Marsh; 3. Interest rate interactions in the classical gold standard, 1880?1914: was there any monetary independence? Michael D. Bordo and Ronald MacDonald; 4. Realignment expectations and the US dollar, 1890?7: was there a peso problem? C. Paul Hallwood, Ronald MacDonald, and Ian W. Marsh; Part III. Inter-War Period: 5. The inter-war gold exchange standard: credibility and monetary independence Michael D. Bordo and Ronald MacDonald; 6. Crash! Expectational aspects of the UK's and the USA's departures from the inter-war gold standard C. Paul Hallwood, Ronald MacDonald and Ian W. Marsh; 7. Did impending war in Europe help destroy the gold bloc in 1936? An internal inconsistency hypothesis C. Paul Hallwood, Ronald MacDonald and Ian W. Marsh; Part IV. Bretton Woods Period: 8. Sterling in crisis: 1964?7 Michael D. Bordo, Ronald MacDonald and Michael J. Oliver; Part V. The European Monetary System: 9. On the mean-reverting properties of target zone exchange rates: some evidence from the ERM Myrvin Anthony and Ronald MacDonald; 10. Credibility and interest rate discretion in the ERM Hali Edison and Ronald MacDonald.