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How global currencies work : past, present, and future /

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자료유형E-Book
개인저자Eichengreen, Barry J., author.
Mehl, Arnaud, author.
Chitu, Livia, author.
서명/저자사항How global currencies work :past, present, and future /Barry Eichengreen, Arnaud Mehl, Livia Chit迲u.
발행사항Princeton, New Jersey : Princeton University Press, [2018]
형태사항1 online resource (xv, 250 pages) : illustrations
소장본 주기Master record variable field(s) change: 650
ISBN9781400888573
1400888573


서지주기Includes bibliographical references (pages 201-244) and index.
내용주기The Origins of Foreign Balances -- From Jekyll Island to Genoa -- Reserve Currencies in the 1920s and 1930s -- The Role of Currencies in Financing International Trade -- Evidence from International Bond Markets -- Reserve Currency Competition in the Second Half of the Twentieth Century -- The Retreat of Sterling -- The Rise and Fall of the Yen -- The Euro as Second in Command -- Prospects for the Renminbi.
요약"At first glance, the modern history of the global economic system seems to support the long-held view that the leading world power's currency--the British pound, the U.S. dollar, and perhaps someday the Chinese yuan--invariably dominates international trade and finance. In How Global Currencies Work, three noted economists provide a reassessment of this history and the theories behind the conventional wisdom. Offering a new history of global finance over the past two centuries, and marshaling extensive new data to test established theories of how global currencies work, Barry Eichengreen, Arnaud Mehl, and Livia Chit偈u argue for a new view, in which several national monies can share international currency status, and their importance can change rapidly. They demonstrate how changes in technology and in the structure of international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. They show that multiple international and reserve currencies have in fact coexisted in the past upending the traditional view of the British pound's dominance prior to 1945 and the U.S. dollar's dominance more recently. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, from whether the euro and the Chinese yuan might address their respective challenges and perhaps rival the dollar, to how increased currency competition might affect global financial stability."--Publisher.
일반주제명International finance.
Money.
BUSINESS & ECONOMICS / Finance.
International finance.
Money.
언어영어
기타형태 저록Print version:Eichengreen, Barry J.How global currencies work.Princeton, New Jersey : Princeton University Press, 20189780691177007
대출바로가기http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1522193

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