Containing five new essays which include post 1990 literature on exchange rate target zones and a discussion of the light shed by the gold standard on the European Monetary Union debate.
This volume provides a new interpretation of the operation and macroeconomic repercussions of the international monetary system during the interwar years. Each of the eleven essays is explicitly concerned with the role of exchange rates in macroeconomic fluctuations from the American and European perspective. The final essay examines the interwar experience from a long-term perspective.
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