Since the first edition of this best-selling book was published, the world has not only experienced further exchange rate crises, but also a ten-year period in which the euro has out-performed many people’s expectations. Interest in exchange rates continues to fascinate scholars and in this...

This book provides the first comprehensive and accessible account of the evolution of exchange rate regimes in the twentieth century. It presents a chronological, non-technical history and in doing so manages to link the past with the present to shed new light on the merits of different exchange...

The First and Second World Wars, the great depression, oil shocks, inflation, financial crises, stock market crashes, the collapse of the Soviet command economy and Third World disasters are discussed in this comprehensive book. The contributors subject these disasters to in-depth assessment,...