How global currencies work past present and future

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Uiterlijk 23 september in huis

A powerful new understanding of global currency trends, including the rise of the Chinese yuanAt first glance, the history of the modern global economy seems to support the long-held view that the currency of the world's leading power invariably dominates international trade and finance. But in How Global Currencies Work, three noted economists

A powerful new understanding of global currency trends, including the rise of the Chinese yuan

At first glance, the history of the modern global economy seems to support the long-held view that the currency of the world’s leading power invariably dominates international trade and finance. But in How Global Currencies Work, three noted economists overturn this conventional wisdom. Offering a new history of global finance over the past two centuries and marshaling extensive new data to test current theories of how global currencies work, the authors show that several national monies can share international currency status—and that their importance can change rapidly. They demonstrate how changes in technology and international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. In fact, they show that multiple international and reserve currencies have coexisted in the past—upending the traditional view of the British pound’s dominance before 1945 and the U.S. dollar’s postwar dominance. Looking forward, the book tackles the implications of this new framework 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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The story of how the dollar rose to global dominance in the twentieth century and an assessment of what the future holds for the world s most important currency for more than half a century the dollar has been not just america s currency but the world s it is used globally by importers exporte Uiterlijk 23 september in huis .. MEER INFO

Globalizing Capital – A History of the International Monetary System – Third Edition

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Lucid accessible and provocative and now thoroughly updated to cover recent events that have shaken the global economy globalizing capital is an indispensable account of the past 150 years of international monetary and financial history essential reading for understanding the international econ Uiterlijk 23 september in huis .. MEER INFO

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Rating: 0 / 5 | Prijs: € 11.99

For more than half a century the dollar has been not just america s currency but the world s it is used globally by importers exporters investors governments and central banks alike this singular role of the dollar is a source of strength for the united states it is as a critic of u s polic Direct beschikbaar .. MEER INFO

Taal: en

Bindwijze: Paperback

Oorspronkelijke releasedatum: 26 februari 2019

Aantal pagina's: 272

Illustraties: Nee

Hoofdauteur: Barry Eichengreen

Tweede Auteur: Arnaud Mehl

Co Auteur: Livia Chitu

Hoofduitgeverij: Princeton University Press

Extra groot lettertype: Nee

Product breedte: 156 mm

Product lengte: 235 mm

Studieboek: Ja

Verpakking breedte: 153 mm

Verpakking hoogte: 23 mm

Verpakking lengte: 233 mm

Verpakkingsgewicht: 427 g

EAN: 9780691191867

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