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Фридрих Хайек За Международният Паричен Ред. Идеи И Проекти От 30-Те И 40 Години
[Friedrich Hayek on the international monetary order. Ideas and projects from the 30s and 40s]

Author

Listed:
  • Nenovsky, Nikolay
  • Faudot, Adrien

Abstract

Among the economists who participated in the discussions about a new international and monetary order between the two world wars was Friedrich Hayek. Although they have been the subject of attention, - his positions and proposals of the 1930s on this topic, they are relatively less studied. In this paper we set out Hayek's views on the mechanisms of the international monetary system, grouped around the issues of monetary internationalism and nationalism. Second, we present his ideas on the organization of the international monetary system, grouped around the projects of restoring and improving the gold standard (1937), the commodity basket mechanism (1943), and the ideas of monetary federation (1939).

Suggested Citation

  • Nenovsky, Nikolay & Faudot, Adrien, 2023. "Фридрих Хайек За Международният Паричен Ред. Идеи И Проекти От 30-Те И 40 Години [Friedrich Hayek on the international monetary order. Ideas and projects from the 30s and 40s]," MPRA Paper 116531, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:116531
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    File URL: https://mpra.ub.uni-muenchen.de/116531/1/MPRA_paper_116531.pdf
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    References listed on IDEAS

    as
    1. Markus K. Brunnermeier & Harold James & Jean-Pierre Landau, 2016. "The Euro and the Battle of Ideas," Economics Books, Princeton University Press, edition 1, number 10828.
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    7. George A. Selgin & Lawrence H. White, 1994. "How Would the Invisible Hand Handle Money?," Journal of Economic Literature, American Economic Association, vol. 32(4), pages 1718-1749, December.
    8. Jesús Huerta de Soto, 2015. "An Austrian Defense of the Euro and the Current Antideflationist Paranoia," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 43(1), pages 5-20, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    international monetary system; monetary nationalism; gold standard; monetary federalism; basket currency; Friedrich Hayek; Interwar economy;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative

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