Includes bibliographical references (pages 121-132) and index.
CONTENTS NOTE
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Preface; 1. The Issue of Money; 2. Fiat Money: Historical Perspective; 3. Muddling Through to a Fiat Monetary Regime: The Interwar Years; 4. The Emerging Postwar Fiat Monetary Regime: Myth, Fact, and Fancy; 5. The Post-Bretton Woods Regime: Attempts at Reform; 6. The International Monetary Fund and Its Prospects; 7. Echoes from the Past; 8. What Is to Be Done?; Selected Bibliography; Index.
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SUMMARY OR ABSTRACT
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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. This study examines the emerging fiat regime in a world of nation states determined to preserve their sovereignty from erosion by the global economy and places this process in its economic, historical, and political perspective.