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005 20200521125147.0
008 141216t20152015enka f b 001 0 eng d
010 _a 2014959461
015 _aGBB523857
_2bnb
020 _a9781784717629
020 _a1784717622
020 _z9781784717636
035 _a(OCoLC)ocn908019395
040 _aRGU
_beng
_cRGU
_eRGU
_dRGU
042 _alccopycat
050 0 0 _aHG229
_b.B485 2015
082 0 4 _a332.41
_223
100 1 _aBernholz, Peter,
_eaut
_918166
245 1 0 _aMonetary regimes and inflation :
_bhistory, economic and political relationships /
_cPeter Bernholz, Professor Emeritus of Economics, Center for Economics and Business (WWZ), University of Basle, Switzerland.
250 _aSecond edition.
260 _aUSA
_bEdward Elgar
_c2015
300 _axii, 229 pages :
_billustrations ;
_c24 cm
520 _a"Exploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyses the high and moderate inflations caused by the inflationary bias of poltiical systems and economic relationships, as well as the importance of different monetary regimes in containing them. The differences for the possible size of inflations among monetary regimes like metallic currencies, the gold standard and fiat paper money are discussed. It is shown that huge budget deficits of government have been responsible for all hyperinflations. This revised second edition debates whether a growth of the money supply exceeding that of real Gross Domestic Production is a necessary or sufficient reason for inflation and also includes a new concluding chapter, which explores the long-term tendencies to create, maintain and abolish inflation-stable monetary regimes. Moreover, the conditions for long-term inflation-stable monetary regimes in history are explored. By surveying thirty hyperinflations, Peter Bernholz demonstrates that certain economic traits have been stable characteristics of inflations over the centuries, and illustrates their causes. He also examines the consequences of high inflations for unemployment, the distortions between relative prices and the political conditions that allow a return to stable monetary regimes after high inflations, given the inflationary tendencies of political systems. This book will appeal to a wide-ranging audience, including students, economists, historians, political scientists and sociologists looking to imrpove their knowledge of monetary regimes and inflation. Bankers, businessmen and politicians attempting to solve the problems caused for them by inflation, will also find this to be a useful read"--Back cover.
650 0 _aInflation (Finance)
_xHistory.
_918167
650 0 _aMonetary policy
_xHistory.
_918168
650 0 _aEconomic stabilization.
_918169
650 7 _aEconomic stabilization.
_2fast
_0(OCoLC)fst00902085
_918169
650 7 _aInflation (Finance)
_2fast
_0(OCoLC)fst00972450
_918170
650 7 _aMonetary policy.
_2fast
_0(OCoLC)fst01025230
_917763
264 1 _aCheltenham, UK :
_bEdward Elgar,
_c[2015]
264 4 _c©2015
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references and index.
505 0 _aIntroduction -- Inflation and monetary regimes -- Inflation under metallic monetary regimes -- Moderate paper money inflations -- Characteristics of hyperinflations -- Currency competition, inflation, Gresham's Law and exchange rate -- Ending mild or moderate inflations -- Currency reforms ending hyperinflations -- Forces establishing, maintaining and eroding stable monetary regimes -- Appendix: Sources for historical data not indentified in the text and literature relating to different cases of hyperinflation.
655 7 _aHistory.
_2fast
_0(OCoLC)fst01411628
_912189
776 0 8 _iebook version
_z9781784717636
906 _a7
_bcbc
_ccopycat
_d2
_encip
_f20
_gy-gencatlg
942 _2ddc
_cREF