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Monetary Regimes and Inflation: History, Economic and Political Relationships,Used
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This book explores the characteristics of inflations, comparing historical cases from Roman times up to the modern day. High and moderate inflations caused by the inflationary bias of political systems and economic relationships and the importance of different monetary regimes in containing them are analysed.Peter Bernholz demonstrates that certain macroeconomic traits have been stable characteristics of inflations over the centuries, and illustrates their causes; the development of real stock of money, real exchange rate, real budget deficit and of currency substitution. He goes on to explain that metallic monetary regimes allow substantial inflations by debasement 4th century Roman Empire experiencing the highest of them but are dwarfed by the experience of hyperinflations. These occurred only under discretionary paper money regimes. To demonstrate this and their characteristics, all twentynine hyperinflations are studied. In contrast to the existing literature, the book also examines political conditions that allow a return to stable monetary regimes, given the inflationary tendencies of political systems. Finally, economic measures and institutional reforms to end high and moderate inflations are discussed.To enliven reading, experiences of contemporary observers like Hemingway and Stefan Zweig, who did not have any knowledge of the economics of inflation, have been inserted. Consequently their evidence is often more convincing than any econometric analysis. Formal mathematical analysis has been kept to a minimum. Exceptions for providing a deeper understanding can be left out without losing the thread of the argument.Monetary Regimes and Inflation will appeal to a wide audience including students, economists, historians, political scientists and sociologists. The book will also be warmly welcomed by bankers, businessmen and politicians facing, and perhaps attempting to solve, the problems of inflation.
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- Q: What is the page count of this book? A: This book contains two hundred twenty-four pages. It provides an in-depth analysis of monetary regimes and inflation throughout history.
- Q: What binding type does this book have? A: This book is available in paperback binding. This makes it lightweight and easy to handle while reading.
- Q: What are the dimensions of this book? A: The book measures six point twenty-six inches in length, one inch in width, and nine point five inches in height. This size is convenient for both reading and storage.
- Q: Who is the author of this book? A: The author of this book is Peter Bernholz. He explores historical cases of inflation and monetary regimes.
- Q: What is the genre of this book? A: This book belongs to the genre of Economic History. It examines the relationships between economic policies and historical events.
- Q: How do I use this book for study purposes? A: You can use this book as a reference for understanding historical economic events. It is suitable for students and professionals in economics, history, and political science.
- Q: Is this book suitable for beginners in economics? A: Yes, this book is suitable for beginners. It provides insights into complex economic concepts in an accessible manner.
- Q: Can this book be used for academic courses? A: Yes, this book can be used for academic courses. It offers valuable perspectives on monetary regimes and inflation, beneficial for various disciplines.
- Q: How do I keep this book in good condition? A: To keep this book in good condition, store it in a dry, cool place and avoid exposing it to direct sunlight. Handle it carefully to prevent wear and tear.
- Q: Is this book safe for all audiences? A: Yes, this book is safe for all audiences. It discusses economic concepts without inappropriate content.
- Q: What if the book arrives damaged? A: If the book arrives damaged, you should contact the seller for return or replacement options. Most sellers have policies in place for damaged items.
- Q: Can I return this book if I don't like it? A: Yes, you can typically return this book if you don’t like it. Check the specific return policy of the seller for details.
- Q: What should I do if I have questions about the book? A: If you have questions about the book, you can reach out to the seller or look for reviews online for additional insights.
- Q: Does this book include references or sources? A: Yes, this book includes references to historical cases and sources. It supports its claims with evidence from various periods.
- Q: How can I benefit from reading this book? A: You can benefit from reading this book by gaining a deeper understanding of the dynamics between monetary policies and inflationary trends throughout history.
- Q: Is this book related to current economic issues? A: Yes, this book is related to current economic issues. It provides historical context that can help understand today’s monetary challenges.