Provides an analysis of the classical gold standard (1880-1914) - the nearest historical equivalent to what EC countries are attempting to do - in order to examine critically these and other issues raised in the debate. In the process, it destroys a number of myths about the gold standard and questions the adequacy of conditions which exist within the European Community for the success and long-term survival of the proposed monetary union. Problems are highlighted that need to be solved before EMU becomes viable. The author has also written "National Management of the International Economy".
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List of Tables - Acknowledgements - Introduction - The Classical Gold Standard: its Origins, Rules and Domain - How The Classical Gold Standard did not Work - The Secret of the Gold Standard's Durability and Success - Lessons from the Gold Standard Experience - Postscript: a Comparison of EC and Gold Standard Countries - References - Index
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