{"title":"国际货币理论发展:从布雷顿森林体系到20世纪70年代的货币国际化问题","authors":"A. Endres","doi":"10.2139/ssrn.2778408","DOIUrl":null,"url":null,"abstract":"In the Bretton-Woods era the controversy over cross-border use of national monies turned on how to create ‘symmetries’ and avoid significant ‘asymmetries’ in the way national currencies shared specific international currency functions. We examine the twentieth-century work of prominent economists on the nature, choice, and functions of international currencies. Prescriptive approaches to international currency formation are considered, beginning with the discussion of the Bretton-Woods plans, followed by doctrinal developments stimulated by the collapse of the Bretton-Woods system. Why are those developments instructive given recent revisitation of the currency internationalisation question in modern international monetary thought and policy? The modern revival of this question resembles a rehabilitation and restatement of earlier controversies though it underestimates the gradual encroachment of the idea of international currency competition. This idea came to dominate other doctrines from the 1970s; it accommodates the ongoing adaptation of national currencies to the full range of international currency functions.","PeriodicalId":165404,"journal":{"name":"International Institutions: Politics of International Institutions & Global Governance eJournal","volume":"15 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2016-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Doctrinal Developments in International Money: The Question of Currency Internationalisation from Bretton-Woods to the 1970's\",\"authors\":\"A. Endres\",\"doi\":\"10.2139/ssrn.2778408\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In the Bretton-Woods era the controversy over cross-border use of national monies turned on how to create ‘symmetries’ and avoid significant ‘asymmetries’ in the way national currencies shared specific international currency functions. We examine the twentieth-century work of prominent economists on the nature, choice, and functions of international currencies. Prescriptive approaches to international currency formation are considered, beginning with the discussion of the Bretton-Woods plans, followed by doctrinal developments stimulated by the collapse of the Bretton-Woods system. Why are those developments instructive given recent revisitation of the currency internationalisation question in modern international monetary thought and policy? The modern revival of this question resembles a rehabilitation and restatement of earlier controversies though it underestimates the gradual encroachment of the idea of international currency competition. This idea came to dominate other doctrines from the 1970s; it accommodates the ongoing adaptation of national currencies to the full range of international currency functions.\",\"PeriodicalId\":165404,\"journal\":{\"name\":\"International Institutions: Politics of International Institutions & Global Governance eJournal\",\"volume\":\"15 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2016-05-10\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Institutions: Politics of International Institutions & Global Governance eJournal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2778408\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Institutions: Politics of International Institutions & Global Governance eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2778408","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Doctrinal Developments in International Money: The Question of Currency Internationalisation from Bretton-Woods to the 1970's
In the Bretton-Woods era the controversy over cross-border use of national monies turned on how to create ‘symmetries’ and avoid significant ‘asymmetries’ in the way national currencies shared specific international currency functions. We examine the twentieth-century work of prominent economists on the nature, choice, and functions of international currencies. Prescriptive approaches to international currency formation are considered, beginning with the discussion of the Bretton-Woods plans, followed by doctrinal developments stimulated by the collapse of the Bretton-Woods system. Why are those developments instructive given recent revisitation of the currency internationalisation question in modern international monetary thought and policy? The modern revival of this question resembles a rehabilitation and restatement of earlier controversies though it underestimates the gradual encroachment of the idea of international currency competition. This idea came to dominate other doctrines from the 1970s; it accommodates the ongoing adaptation of national currencies to the full range of international currency functions.