Combining a rich mixture of technical economics, political repercussions, and even the psychology of symbols and beliefs, monetary problems are both fascinating and perplexing. Given the unprecedented fiat monetary regime currently emerging, past and present struggles for monetary supremacy provide valuable lessons....

This study argues that owing to the wide diversity of nations, their often conflicting policies, and insistence on preserving their sovereignty, the processes of worldwide integration are facilitated by tying these countries together in a system of flexible exchange rates externally, while putting in place a rules-oriented monetary regime internall...

Accelerating globalization of world markets and increasing interdependence of the economies of the world has made policy-making very complex, especially in the United States. One of the most debated subjects in recent years has been whether the U.S....

This is the first international comparative, empirical study of the money supply process (MSP) that involves all of the basic types of economies and institutional economic systems at all levels of economic development....

In the years since World War II, the United States and other countries have created a new economic order which has produced one of the broadest and most sustained periods of prosperity in world history. The essence of this new economic order is a system of rules to govern, facilitate, and promote trade in goods and services....

The economics and history of the closing years of the 20th century may turn out to mark the era of transformation when the nation-states lose most of their ability to maneuver in economics as finance and investment become transnationalized....

Radical change seems to be the only panacea for inefficient economies. This work takes a look at the financial system and its function in socialist central planning economies. It provides an explanation of the partial reforms in socialist economies from the 1950s to 1988....

Since 1971, when the Bretton Woods gold exchange standard ended, the world has been on a fiat monetary regime, with various fiat currencies managed according to the discretion of the issuing country. Inherent in this regime is a basic problem--the ease with which the system lends itself to political manipulation....

Today\'s banking systems, from prosperous America to muddled Europe and wobbly Japan, may be in worse shape than is generally assumed. Although large financial institutions face the challenges of the new Euro with confidence, smaller banks are not as wellprepared to deal with the world\'s changing financial scene....