The Anatomy of an International Monetary Regime

“Even economists who will disagree with some of Gallarotti’s conclusions will appreciate the thoughtful new questions that he asks regarding this critical period of economic and monetary history.”–Choice”The Anatomy of an International Monetary Regime tackles an important question–how can one account for the rise and then the smooth operation of the classical gold standard?–in an original way. Gallarotti’s analysis of the theoretical issues is comprehensive and definitive. This clearly written, well-motivated study is an invaluable contribution to our understanding of the classical gold standard.“–Barry Eichengreen, University of California,Berkeley”Mr. Gallarotti shoots down many of the myths about the classical gold-standard era….He also does a fine job of explaining how speculation under the old regime was self stabilizing….Naturally, for a generation of technocrats…a return to gold is unthinkable…. For the rest of us, who believe there may be a better way, Anatomy of an International Monetary Regime provides far more intellectual nourishment.“–The Wall Street Journal”The book is very thorough. It contains many references and a statistical appendix. A large number of original documents were used…a very valuable reference volume for experts and newcomers to the gold standard, for monetary economists, and for students of economic history, economic policy, and international relations.“–Cato Journal”…is likely to become the first book consulted by scholars interested in the monetary relations of their respective eras..offers fresh insights while proviking a clear outline of the previously elusive history of this era.“–Mershon International Studies Review”[The book] covers the literature comprehensively, has an abundance of historical illustrations, taps the views of many scholars and players, and offers a multicountry analysis.“–The Annals of the American Academy

Giulio M. Gallarotti is an Associate Professor of Government at Wesleyan University.