Money on the Move: The Revolution in International Finance since 1980

Description

The international monetary system has changed radically between 1980 and 1999. 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 presents a history of these and other aspects of this revolution in international finance.

Robert Solomon, a Guest Scholar at the Brookings Institution, was for many years the chief international economist at the Federal Reserve Board. He is the author of the classic books The International Monetary System, 1945-1981 (Harper and Row) and The Transformation of the World Economy (Macmillan and St. Martin's Press). He is the publisher of International Economic Letter, a monthly analysis that goes to major central banks, international institutions, and private subscribers.

"Solomon ... does a credible job of explaining the rise of the U.S. dollar and its fall by the mid-1980's... Of particular note is the chronology of economic events since 1980."--Library Journal "Money on the Move is an excellent, erudite addition to the literature on modern financial history."--Bimal Prodhan, The Times Higher Education Supplement "Solomon's writing is both eminently accessible to the nontechnical reader and intellectually rigorous, making it fascinating reading for policymakers and economists as well. This volume ... offers perhaps the most readable overview of the international monetary system over the past two decades... Solomon brings international policy issues vividly to life without displaying any personal biases or sacrificing insights from economic theory."--Subir Lall, Finance and Development