03730cam a22004935i 4500 112592 112592 19733193 BJBSDDR 20251013161339.0 ta 210519t20182018njua b 001 0 eng d 2017946118 9780691177007 (hardcover) 0691177007 (hardcover) (OCoLC)ocn983824974 BTCTA eng BTCTA rda YDX BDX ERASA CDX BKL OCLCF HTM LUG OCLCQ CNO DLC lccopycat HG 3881 E34h 2018 332/.042 23 Eichengreen, Barry J., autor. How global currencies work : past, present, and future / Barry Eichengreen ; Arnaud Mehl ; Livia Chiţu. Princeton : Princeton University Press, [2018] ©2018 xv, 250 pages : illustrations ; 25 cm text txt rdacontent still image sti rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references (pages 201-244) and index. 1 Introduction -- 2 The origins of foreign balances -- 3 From Jekyll Island to Genoa -- 4 Reserve currencies in the 1920s and 1930s -- 5 The role of currencies in financing international trade -- 6 Evidence from international bond markets -- 7 Reserve currency competition in the second half of the twentieth century -- 8 The retreat of sterling -- 9 The rise and fall of the yen -- 10 The euro as second in command -- 11 Prospects for the renminbi -- 12 Conclusion. "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 Chiţu 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 pastupending 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."--Jacket. International finance. Money. Valute. International finance. fast (OCoLC)fst00976945 Money. fast (OCoLC)fst01025265 Finanzas internacionales 2118 Dinero 396 Freixes Sanjuán, Teresa, 1950- author. 4410 Chitu, Livia, author. 4411 7 cbc copycat 2 ncip 20 y-gencatlg lcc BK 0 0 lcc 0 0 CS BJB BJB CS 2019-05-21 0 HG 3881 E34h 2018 00000126894 2019-05-21 00:00:00 1 2023-04-11 BK