Money on the Move Robert Solomon

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Kindle Edition

224 pages


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Money on the Move  by  Robert Solomon

Money on the Move by Robert Solomon
| Kindle Edition | PDF, EPUB, FB2, DjVu, audiobook, mp3, RTF | 224 pages | ISBN: | 3.74 Mb

The international monetary system has changed radically in the last twenty years. Capital, information, goods, and services move around the globe with unprecedented ease. Countries from the former communist bloc have joined the system. Europe is onMoreThe international monetary system has changed radically in the last twenty years. Capital, information, goods, and services move around the globe with unprecedented ease.

Countries from the former communist bloc have joined the system. Europe is on the verge of monetary union. Financial crises in East Asia and Mexico have rocked the world economy. In this book, Robert Solomon--author of the definitive history of the monetary order between 1945 and 1981--presents the first comprehensive history of these and other aspects of this revolution in international finance.

Authoritative, accessible, and elegantly written, the book will be indispensable for anyone who wishes to understand how todays international monetary system works. Solomon begins with the spectacular rise and subsequent decline of the foreign exchange value of the U.S. dollar in the 1980s. He covers the debt crisis of developing countries in the 1980s.

He explores the shift from central planning to market economies in many countries in the 1990s and explains the origins, implications, and problems of the move to a single European currency. Solomon examines in detail the striking increase in the mobility of capital--paying particular attention to the costs and benefits for developing countries, and to the role of capital mobility in the Mexican crisis of 1994 and the Asian crisis that began in 1997. In the books final chapter, Solomon provides an overview of the international monetary system and considers how it might evolve in the future.



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