Discipline or international balance: the choice of monetary systems in Europe
Ljungberg, Jonas LU
(2022)
In European Journal of the History of Economic Thought
29(2).
p.218-245
- Abstract
- In retrospect and erroneously the nineteenth century international gold standard was interpreted as a quest for monetary discipline. The discipline argument was introduced after WWI in support for a restoration of the gold standard. The interwar failure led to an emphasis on international balances, the argument which came to the fore in the preparations for the Bretton Woods system. The balance argument was central in the early discussions of monetary union in Europe, but with the criticism of Keynesianism the discipline argument became determinant in the design of the Economic and Monetary Union.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/1bf0dd1f-6b7c-4978-b270-52bf14f59924
- author
- Ljungberg, Jonas
LU
- author collaboration
- organization
- publishing date
- 2022
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Bretton Woods, EMU, Exchange rates, Gold standard, International monetary regimes, B17, B27, F31, N13, N14
- in
- European Journal of the History of Economic Thought
- volume
- 29
- issue
- 2
- pages
- 218 - 245
- publisher
- Routledge
- external identifiers
-
- scopus:85111170387
- ISSN
- 0967-2567
- DOI
- 10.1080/09672567.2021.1946121
- language
- English
- LU publication?
- yes
- id
- 1bf0dd1f-6b7c-4978-b270-52bf14f59924
- date added to LUP
- 2021-09-02 19:50:29
- date last changed
- 2022-06-29 20:14:25
@article{1bf0dd1f-6b7c-4978-b270-52bf14f59924,
abstract = {{In retrospect and erroneously the nineteenth century international gold standard was interpreted as a quest for monetary discipline. The discipline argument was introduced after WWI in support for a restoration of the gold standard. The interwar failure led to an emphasis on international balances, the argument which came to the fore in the preparations for the Bretton Woods system. The balance argument was central in the early discussions of monetary union in Europe, but with the criticism of Keynesianism the discipline argument became determinant in the design of the Economic and Monetary Union.}},
author = {{Ljungberg, Jonas}},
issn = {{0967-2567}},
keywords = {{Bretton Woods; EMU; Exchange rates; Gold standard; International monetary regimes; B17; B27; F31; N13; N14}},
language = {{eng}},
number = {{2}},
pages = {{218--245}},
publisher = {{Routledge}},
series = {{European Journal of the History of Economic Thought}},
title = {{Discipline or international balance: the choice of monetary systems in Europe}},
url = {{http://dx.doi.org/10.1080/09672567.2021.1946121}},
doi = {{10.1080/09672567.2021.1946121}},
volume = {{29}},
year = {{2022}},
}