Money and the Nation State: The Financial Revolution, Government, and the World Monetary System (Independent Studies in Political Economy)

By Jr., Richard Timberlake, Kevin Dowd, Merton Miller




"Are monetary and banking problems due to a few misguided policies or incompetent policymakers - or to fundamental flaws in monetary and financial institutions - principally, central banks and the legal frameworks that accompany them?"




The chapters in this book examine the history of modern monetary and banking arragements, some of the major monetary and banking problems, ans several options for meaningful reform. To a greater or lesser extent, all the essays incorporate the view that what really matters is institutioanl structure.


Table of Contents

• Section I: History of the Modern International Monetary System
  • Chapter 1: An Evolutionary Theory of the State Monopoly Over Money
  • Chapter 2: National Sovereignty and International Monetary Regimes
  • Chapter 3: The History of the International Monetary System
  • Chapter 4: Gold Exchange Standard in the Inter-War Years
  • Chapter 5: Gold Standard Policy and Limited Government
• Section II: Modern Money and Central Banking
  • Chapter 6: Financial Policy in the Post-Bretton Woods Period
  • Chapter 7: Banking and the Global Evolution of the 100% Deposit Guarantees
  • Chapter 8: The IMF’s Destructive Recipe—Raising Tax Rates and Falling Currencies
  • Chapter 9: Global Economic Integration—Trends and Alternative Policy Responses
• Section III: Foundations for Monetary and Banking Reform
  • Chapter 10: The Political Economy of Discretionary Monetary Regimes
  • Chapter 11: The Misguided Drive Toward European Monetary Union—Pitfalls of Monetary Central Planning
  • Chapter 12: Monetary Nationalism Reconsidered
  • Chapter 13: Currency Boards and Free Banking