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"Most European countries are rather small, yet we know little about their monetary history. This book analyses for the first time the experience of seven small states (Austria, Belgium, Denmark, the Netherlands, Norway, Sweden, and Switzerland) during the last hundred years, starting with the restoration of the gold standard after World War I and ending with Sweden's rejection of the Euro in 2003. The comparative analysis shows that for the most part of the twentieth century the options of policy makers were seriously constrained by a distinct fear of floating exchange rates. Only with the crisis of the European Monetary System (EMS) in 1992-93 did the idea that a flexible exchange rate regime was suited for a small open economy gain currency. The book also analyses the differences among small states and concludes that economic structures or foreign policy orientations were far more important for the timing of regime changes than domestic institutions and policies"--
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Fixed Ideas of Money: Small States and Exchange Rate Regimes in Twentieth-Century Europe
2014, University of Cambridge ESOL Examinations
in English
1107616379 9781107616370
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Fixed Ideas of Money: Small States and Exchange Rate Regimes in Twentieth-Century Europe
2010, Cambridge University Press
in English
0511743661 9780511743665
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Fixed Ideas of Money: Small States and Exchange Rate Regimes in Twentieth-Century Europe
2010, Cambridge University Press
in English
0511744757 9780511744754
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Fixed ideas of money: small states and exchange rate regimes in twentieth-century Europe
2010, Cambridge University Press
in English
0521112710 9780521112710
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6
Fixed Ideas of Money: Small States and Exchange Rate Regimes in Twentieth-Century Europe
2010, Cambridge University Press
in English
0511750951 9780511750953
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7
Fixed Ideas of Money: Small States and Exchange Rate Regimes in Twentieth-Century Europe
2010, Cambridge University Press
in English
0511741138 9780511741135
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