Chapter 2. The Gold Standard
The Dilemmas of Bimetallism
The Advent of the Gold Standard
How the Gold Standard Worked
The Gold Standard as a Historically Specific Institution
The Gold Standard and the Lender of Last Resort
Instability at the Periphery
The Stability of the System
Chapter 3. Interwar Instability
Experience with Floating: The Controversial Case of the Franc
Reconstructing the Gold Standard
Problems of the New Gold Standard
The Pattern of International Payments
Responses to the Great Depression
Banking Crises and Their Management
Disintegration of the Gold Standard
Chapter 4. The Bretton Woods System
Wartime Planning and Its Consequences
The Sterling Crisis and the Realignment of European Currencies
The European Payments Union
Payments Problems and Selective Controls
Convertibility: Problems and Progress
Declining Controls and Rising Rigidity
The Lessons of Bretton Woods
Chapter 5. After Bretton Woods
Floating Exchange Rates in the 1970s
Floating Exchange Rates in the 1980s
The European Monetary System
Renewed Impetus for Integration
The Experience of Developing Countries
Chapter 6. A Brave New Monetary World
International Currency Competition
