Eichengreen, Barry
How Global Currencies Work: Past, Present, and Future
- ISBN 13:
- 9780691191867
- author:
- Eichengreen, Barry
- format:
- Paperback / softback
- publisher:
- Princeton University Press
- language:
- English
- Publication Year:
- 2019
- Pages:
- 272
- Dimensions:
- 23.5 x 15.6 centimetres
- Genre:
- Business, Economic History, Business,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
A new understanding of global currency trends challenges traditional views of international finance. How Global Currencies Work presents a fresh history of global finance over the past two centuries, using extensive new data to test current theories. The authors show that several national monies can share international currency status and that their importance can change rapidly in response to changes in technology and international trade and finance. This new framework upends traditional views of the dominance of certain currencies, such as the British pound before 1945 and the US dollar after World War II. Looking forward, this book tackles the implications of this new understanding for major questions facing the future of the international monetary system, including how increased currency competition might affect global financial stability.
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