Monetary Regimes of the Twentieth Century

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The book explores the evolution of monetary regimes since 1900, highlighting the shifting role of policy in relation to inflation, the real economy, and political philosophies. Focusing on developments in America, Europe, and Japan, it traces the journey from the classical gold standard through various policy interventions to contemporary neo-liberal frameworks. It posits that macroeconomic theories are not universally applicable, suggesting that different contexts may require distinct theoretical models.