Money and Politics: The Guardian State, Markets, and the Evolution of Monetary Relations: 1880 - 2010

2017 | Business & Finance

This new book is the first chronicle of how domestic politics (in the form of the guardian state) has shaped the monetary landscape from the time of the emergence of an international monetary system in the late 19th century, to the present day. Since the emergence of an international monetary system under the classical gold standard in the late-19th century, the landscape defining monetary relations and diplomacy has reflected a fundamental sensitivity to the structures and processes comprising domestic politics. Various influential histories of monetary relations proclaim the influence of domestic politics, whilst others attest to the power of domestic politics in a more restricted historical period. While these and other conventional monetary histories underscore the influence of domestic political forces in shaping monetary history, none has chronicled the precise process of this influence over the history of the international monetary system: 1880- present.

The book provides many lessons from which implications can be drawn about an important issue in international economic relations: the present state and problems of the global monetary system and the possibilities for monetary cooperation.

Giulio M. Gallarotti (Author)