Money and Foreign Exchange After 1914 (Paperback) (ISBN-13: 9781025850610)

"Money and Foreign Exchange After 1914" is a seminal economic treatise examining the profound transformations within the global financial system following the outbreak of the First World War. Written by the renowned Swedish economist Gustav Cassel, the work provides a rigorous analysis of the abandonment of the gold standard, the rise of paper currency, and the subsequent instability of international exchange rates.

In this volume, Cassel explores the mechanisms of inflation and the theoretical underpinnings of his influential purchasing power parity theory. The book details the practical challenges faced by nations as they navigated hyperinflation, currency devaluation, and the difficult path toward monetary stabilization in the post-war era. By dissecting the relationship between domestic price levels and foreign exchange, the author offers critical insights into the economic policies that shaped the early 20th century.

This scholarly work remains an essential resource for understanding the historical evolution of modern monetary theory. It serves as both a primary record of contemporary economic thought and a foundational text for students and professionals interested in macroeconomics, international finance, and the history of global trade.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you may see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.

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