
Jonas Ljungberg
Professor emeritus

Discipline or international balance: the choice of monetary systems in Europe
Författare
Summary, in English
In retrospect and erroneously the nineteenth century international gold standard was interpreted as a quest for monetary discipline. The discipline argument was introduced after WWI in support for a restoration of the gold standard. The interwar failure led to an emphasis on international balances, the argument which came to the fore in the preparations for the Bretton Woods system. The balance argument was central in the early discussions of monetary union in Europe, but with the criticism of Keynesianism the discipline argument became determinant in the design of the Economic and Monetary Union.
Avdelning/ar
- Tillväxt, teknologisk förändring och ojämlikhet
- Ekonomisk-historiska institutionen
Publiceringsår
2022
Språk
Engelska
Sidor
218-245
Publikation/Tidskrift/Serie
European Journal of the History of Economic Thought
Volym
29
Issue
2
Dokumenttyp
Artikel i tidskrift
Förlag
Routledge
Ämne
- Economic History
Nyckelord
- Bretton Woods
- EMU
- Exchange rates
- Gold standard
- International monetary regimes
- B17
- B27
- F31
- N13
- N14
Aktiv
Published
ISBN/ISSN/Övrigt
- ISSN: 0967-2567