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Monetary Regimes and Inflation

Author

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  • Peter Bernholz

Abstract

Exploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyses the high and moderate inflations caused by the inflationary bias of political systems and economic relationships, as well as the importance of different monetary regimes in containing them. The differences for the possible size of inflations among monetary regimes like metallic currencies, the gold standard and fiat paper money are discussed. It is shown that huge budget deficits of government have been responsible for all hyperinflations. This revised second edition debates whether a growth of the money supply exceeding that of real Gross Domestic Production is a necessary or sufficient reason for inflation and also includes a new concluding chapter, which explores the long-term tendencies to create, maintain and abolish inflation-stable monetary regimes. Moreover, the conditions for long-term inflation-stable monetary regimes in history are explored.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Peter Bernholz, 2015. "Monetary Regimes and Inflation," Books, Edward Elgar Publishing, number 16527.
  • Handle: RePEc:elg:eebook:16527
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    References listed on IDEAS

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    1. Stephen Quinn & William Roberds, 2014. "The Bank of Amsterdam Through the Lens of Monetary Competition," Financial and Monetary Policy Studies, in: Peter Bernholz & Roland Vaubel (ed.), Explaining Monetary and Financial Innovation, edition 127, pages 283-300, Springer.
    2. Peter Spufford, 2014. "The Provision of Stable Moneys by Florence and Venice, and North Italian Financial Innovations in the Renaissance Period," Financial and Monetary Policy Studies, in: Peter Bernholz & Roland Vaubel (ed.), Explaining Monetary and Financial Innovation, edition 127, pages 227-251, Springer.
    3. Peter Bernholz & Roland Vaubel (ed.), 2014. "Explaining Monetary and Financial Innovation," Financial and Monetary Policy Studies, Springer, edition 127, number 978-3-319-06109-2, January.
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    Cited by:

    1. Marc Anderes & Alexander Rathke & Sina Streicher & Jan-Egbert Sturm, 2021. "The role of ECB communication in guiding markets," Public Choice, Springer, vol. 186(3), pages 351-383, March.
    2. Vahabi, Mehrdad, 2020. "نئولیبرالیسم و مقابله با تورم [The Neoliberalism and the Inflation Control]," MPRA Paper 102539, University Library of Munich, Germany.
    3. Abel M. Agoba, 2021. "Minimising the inflationary impact of fiscal deficits in Africa: The role of monetary, financial and political institutions," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 724-740, January.
    4. Van Den Hauwe, Ludwig, 2017. "Monetary Constitutionalism: Some Recent Developments," MPRA Paper 83052, University Library of Munich, Germany.
    5. Oliver Bachmann & Klaus Gründler & Niklas Potrafke & Ruben Seiberlich, 2021. "Partisan bias in inflation expectations," Public Choice, Springer, vol. 186(3), pages 513-536, March.
    6. Jamus Jerome Lim, 2021. "The limits of central bank independence for inflation performance," Public Choice, Springer, vol. 186(3), pages 309-335, March.
    7. Giovanni B. Pittaluga & Elena Seghezza & Pierluigi Morelli, 2021. "The political economy of hyperinflation in Venezuela," Public Choice, Springer, vol. 186(3), pages 337-350, March.
    8. Nora Abu Asab & Juan Carlos Cuestas & Alberto Montagnoli, 2018. "Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies?," PLOS ONE, Public Library of Science, vol. 13(8), pages 1-21, August.
    9. Arye L. Hillman & Heinrich W. Ursprung, 2021. "Investigation in search of truth," Public Choice, Springer, vol. 186(3), pages 223-228, March.

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    Keywords

    Economics and Finance;

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