Transferring Wealth and Power from the Old to the New World
Monetary and Fiscal Institutions in the 17th Through the 19th Centuries
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Transferring Wealth and Power from the Old to the New World by Michael Bordo
Book DescriptionThis book contains a collection of essays comparing the evolution of the fiscal and monetary regimes of the Old World colonial powers - England, France, Spain, Portugal and the Netherlands - from the seventeenth to the nineteenth centuries with the experiences of several of their former colonies in the New World of the Americas: the United States, Canada, Mexico, Colombia, Brazil and Argentina. The objective is to see how such fiscal and monetary institutions were modified or replaced by new ones. The case studies in the collection consider the experience of the colonies after they became independent countries; they examine the factors that allowed efficient fiscal institutions to develop in some countries, while in others such development turned out to be unsuccessful; and they consider why some governments were able to live within their means and provide public goods, while for others expenditures frequently exceeded revenue, often leading to fiscal crises.
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Book DetailsISBN: 9780521027274
(228mm x 152mm x 28mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 22-Jun-2006
Country of Publication: United Kingdom
Books By Author Michael Bordo
On Central Banking, Hardback (June 2016)
Jan Qvigstad draws on his extensive experience in these six lectures on how central banks can make good policy decisions.
Central Banks at a Crossroads, Hardback (June 2016)
This book discusses the role of central banks and draws lessons from examining their evolution over the past two centuries.
Strained Relations, Hardback (March 2015)
Considers how foreign-exchange intervention was affected by changing economic and institutional circumstances - most notably the abandonment of the international gold standard - and how political and bureaucratic factors affected this aspect of public policy.
Credibility and the International Monetary Regime, Paperback (October 2014)» View all books by Michael Bordo
This book presents ten studies which combine historical narrative with econometrics to analyze the role of credibility in four monetary regimes.
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