Hidden Bibliographic Details
| Other authors / contributors: | Krueger, Thomas H., 1956- author.
International Monetary Fund. Research Department, issuing body.
|
|---|
| ISBN: | 1283563487
9781283563482
1451891385
9781451891386
9781451923087
1451923082
1462374301
9781462374304
1452790663
9781452790664
9786613875938
6613875937
|
|---|
| ISSN: | 2227-8885
|
|---|
| Notes: | "February 1998."
Includes bibliographical references (pages 21-22).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2011 HathiTrust Digital Library committed to preserve
Print resource.
|
|---|
| Summary: | Why do different countries have different currencies? Traditional answers to this question assume that governments can use their ability to create money to affect exchange rates, output, prices or revenue. However, such explanations are difficult to reconcile with several empirical facts. For example, there have been long periods in history in which countries followed fixed exchange rate regimes or pegged their currencies to the price of gold or other precious metals. These episodes include, among others, the gold standard of the 19th and early 20th century as well as the post-war era of fixed exchange rates under the Bretton-Woods regime. In all of these cases, the ability of national authorities to create money, and in particular to create money at nationally differentiated growth rates, was extremely limited. Nonetheless, throughout these periods, countries generally found it in their interest to maintain different currencies.
|
|---|
| Other form: | Print version: Kocherlakota, Narayana Rao, 1963- Why do different countries use different currencies? [Washington, D.C.] : International Monetary Fund, Research Dept.,1998
|
|---|
| Standard no.: | 10.5089/9781451891386.001
|
|---|
