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The Value of Monetary Stability in the World Today

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Money and Banking

Abstract

Monetary stability is not only a topic with a long academic tradition, it is, at the same time, the subject of many current social and political controversies. In most cases, what is at issue is the rank to be accorded to it compared with other economic policy objectives.

This chapter is based on a speech presented on 26 November 1992 as the 11th Von Hügel Lecture at the University of Cambridge, arranged and published by the Von Hügel Institute, St Edmund’s College, University of Cambridge. We are indebted to the Director of the Von Hügel Institute, the Rev. Dr F. P. McHugh, for kindly granting permission for a revised version of the paper to be included in this volume.

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References

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© 1993 Philip Arestis

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Tietmeyer, H. (1993). The Value of Monetary Stability in the World Today. In: Arestis, P. (eds) Money and Banking. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-13319-2_3

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