Exchange Rate Regimes in the Twentieth Century

This work offers students a comprehensive account of the evolution of exchange rate regimes in the 20th century. It presents a chronolgical, non-technical history, shedding light on the merits of different exchange rate systems. It discusses the forces that have brought about change in order to determine how different regimes affected the economic environment. The book then considers the merits or otherwise of the respective regimes and assesses the evidence and arguments for and against fixed and floating exchange rate systems.