LEADER 04941nam 2200757 a 450 001 9910958504503321 005 20200520144314.0 010 $a9786612964329 010 $a9781400822850 010 $a1400822858 010 $a9781282964327 010 $a1282964321 010 $a9781400813469 010 $a1400813468 024 7 $a10.1515/9781400822850 035 $a(CKB)111056486498182 035 $a(EBL)988160 035 $a(OCoLC)845245947 035 $a(SSID)ssj0000205155 035 $a(PQKBManifestationID)11221223 035 $a(PQKBTitleCode)TC0000205155 035 $a(PQKBWorkID)10189991 035 $a(PQKB)11706325 035 $a(OCoLC)614727797 035 $a(MdBmJHUP)muse42993 035 $a(DE-B1597)453522 035 $a(OCoLC)1029832675 035 $a(OCoLC)979725155 035 $a(DE-B1597)9781400822850 035 $a(Au-PeEL)EBL988160 035 $a(CaPaEBR)ebr10031974 035 $a(CaONFJC)MIL296432 035 $a(PPN)265135192 035 $a(MiAaPQ)EBC988160 035 $a(Perlego)3724711 035 $a(EXLCZ)99111056486498182 100 $a19980528d1999 uy 0 101 0 $aeng 135 $aur|||||||nn|n 181 $ctxt 182 $cc 183 $acr 200 10$aMoney on the move $ethe revolution in international finance since 1980 /$fRobert Solomon 205 $aCore Textbook 210 $aPrinceton, N.J. $cPrinceton University Press$dc1999 215 $a1 online resource (225 p.) 300 $aDescription based upon print version of record. 311 08$a9781400807543 311 08$a1400807549 311 08$a9780691004440 311 08$a0691004447 320 $aIncludes bibliographical references (p. 177-199) and index. 327 $tFront matter --$tContents --$tPreface and Acknowledgments --$tAbbreviations and Acronyms --$tCHAPTER 1. The Wide-Ranging Dollar, 1980-1990 --$tCHAPTER 2. The Developing-Country Debt Crisis --$tCHAPTER 3. Economic and Monetary Integration in Europe --$tCHAPTER 4. Economies in Transition: International Effects --$tCHAPTER 5. The 1990's: Capital Mobility and Its Effects --$tCHAPTER 6. The Present and Future of the System --$tAppendix. CHRONOLOGY OF IMPORTANT EVENTS --$tNotes --$tIndex 330 $aThe international monetary system has changed radically in the last twenty years. Capital, information, goods, and services move around the globe with unprecedented ease. Countries from the former communist bloc have joined the system. Europe is on the verge of monetary union. Financial crises in East Asia and Mexico have rocked the world economy. In this book, Robert Solomon--author of the definitive history of the monetary order between 1945 and 1981--presents the first comprehensive history of these and other aspects of this revolution in international finance. Authoritative, accessible, and elegantly written, the book will be indispensable for anyone who wishes to understand how today's international monetary system works. Solomon begins with the spectacular rise and subsequent decline of the foreign exchange value of the U.S. dollar in the 1980's. He covers the debt crisis of developing countries in the 1980's. He explores the shift from central planning to market economies in many countries in the 1990's and explains the origins, implications, and problems of the move to a single European currency. Solomon examines in detail the striking increase in the mobility of capital--paying particular attention to the costs and benefits for developing countries, and to the role of capital mobility in the Mexican crisis of 1994 and the Asian crisis that began in 1997. In the book's final chapter, Solomon provides an overview of the international monetary system and considers how it might evolve in the future. In this section, he focuses on the key subjects of balance-of-payments adjustments, supply of reserves, and stability. He also evaluates a variety of much-debated policy instruments, including inflation targeting, currency boards, target zones for exchange rates, free-floating exchange rates, the Tobin tax, macroeconomic policy coordination, and special drawings rights. Throughout, Solomon relates developments in the international monetary system to macroeconomic conditions in the countries involved--arguing that it is impossible to understand one without understanding the other. As a clear, thorough, and unusually perceptive account of global finance and monetary economics in the late twentieth century, Money on the Move will be vital reading for economists, policymakers, and general readers. 606 $aInternational finance 615 0$aInternational finance. 676 $a332/.042 686 $aQM 330$2rvk 700 $aSolomon$b Robert$0116308 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910958504503321 996 $aMoney on the Move$9698456 997 $aUNINA