How Global Currencies Work - Past, Present, and Future Eichengreen BarryPaperback
How Global Currencies Work - Past, Present, and Future Eichengreen BarryPaperback A powerful new understanding of global currency trends, including the rise of the Chinese yuanAt first glance, the…
Specifikacia How Global Currencies Work - Past, Present, and Future Eichengreen BarryPaperback
How Global Currencies Work - Past, Present, and Future Eichengreen BarryPaperback
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. 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. But in How Global Currencies Work, three noted economists overturn this conventional wisdom.
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
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