Currency Convertibility in the Twentieth Century: The Gold Standard and Beyond (Routledge Explorations in Economic History, 3)

The spread of currency convertibility is one of the most dramatic trends of the late twentieth century. It reflects the desire of policymakers to integrate their economies into the global trading system and to attract financial capital and direct investment from abroad. In this book a team of leading international economists and economic historians look at parallel situations in the history of the international monetary system, focusing in particular on the gold standard. The concluding chapter uses a case study of modern Portugal to draw out implications for modern international monetary relations in Europe and for the rest of the world. Booknews Leading international economists and economic historians look at trends in the international monetary system, focusing in particular on the gold standard. An overview section examines currency convertibility in historical perspective and details the history of the specie standard. After a discussion of the myths and realities of the gold standard, the concluding chapter uses a case study of Portugal to draw implications for modern international monetary relations in Europe and the rest of the world. Annotation c. Book News, Inc., Portland, OR (booknews.com) The spread of currency convertibility is one of the most dramatic trends of the late twentieth century. It reflects the desire of policymakers to integrate their economies into the global trading system and to attract financial capital and direct investment from abroad. In this book a team of leading international economists and economic historians look at parallel situations in the history of the international monetary system, focusing in particular on the gold standard. The concluding chapter uses a case study of modern Portugal to draw out implications for modern international monetary relations in Europe and for the rest of the world. The spread of currency convertibility reflects the desire of policymakers to integrate their economies into the global trading system and to attract financial capital and direct investment from abroad. In "Currency Convertibility," a team of leading international economists and economic historians examine parallel situations in the history of the international monetary system, focusing in particular on the gold standard. The concluding chapter uses a case study of Portugal to draw out implications for modern international monetary relations in Europe and the rest of the world. In this text a team of leading international economists and economic historians look at parallel situations in the history of the international monetary system, focusing in particular on the gold standard One of the most pronounced international economic trends of the late twentieth century is the adoption of convertible currencies.