How global currencies workBarry J. Eichengreen
How global currencies work
by Barry J. Eichengreen · first published 2018
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2021–2025first – last mentioned
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"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, Arn
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…what? EUR? CNY/RMB? JPY? Other? A mix? For a paper on possible multi-currencies, see Eichengreen 2014: * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2580651 For a good historical overview see How global currencies work past, present, and future by Eichengreen, Chitu, Mehl. > The history of the world shows empires collapse. To believe the US is somehow immune is moronic The US is not an empire. It is a hegemony: it…
How global currencies work past, present, and future by Eichengreen has a good history of currencies (from a European perspective). There were a few times when there were multiple currencies being used, and the ones used were the…
on “Crypto is an unproductive bubble” ↗> What could replace it? It doesn't necessarily have to be one thing. We've had multi-currency regimes in the past (before one generally took over). See How global currencies work past, present, and future by Barry Eichengreen, Arnaud Mehl, and Livia Chitu: * https://press.princeton.edu/books/hardcover/9780691177007/ho...
on “USD Share as Global Reserve Currency Drops to Lowest Since 1994” ↗…(2e has an intro from Volcker): * https://www.goodreads.com/book/show/249245.The_Power_of_Gold With all the talk of the US dollar losing its status (highly unlikely due to no realistic alternative), How Global Currencies Work: Past, Present, and Future on the history of various previously predominant currencies is also interesting: * https://press.princeton.edu/books/hardcover/9780691177007/ho...
on “Observations on Credit and Lending Practices in Ur III Mesopotamia (2004) [pdf]” ↗Why does there have to be a "war"? There have been times in history when multiple currencies have been used in parallel for international trade. See How Global Currencies Work: Past, Present, and Future by Barry Eichengreen, Arnaud Mehl, and Livia Chitu: > At first glance, the modern history of the global economic system seems to support the long-held view that the leading…
on “The Incoming Currency War” ↗