TY  - BOOK
AU  - Eichengreen,Barry
AU  - Chitu,Livia
AU  - Mehl,Arnaud
TI  - How Global Currencies Work: Past, Present, and Future 
SN  - 9780691191867
PY  - 2017///]
CY  - Princeton, NJ : 
PB  - Princeton University Press, 
KW  - International finance
KW  - BUSINESS & ECONOMICS / Money & Monetary Policy
KW  - bisacsh
KW  - Account (accountancy)
KW  - Annual report
KW  - Asset
KW  - Balance sheet
KW  - Bank for International Settlements
KW  - Bank of England
KW  - Bank of Japan
KW  - Bank rate
KW  - Bank
KW  - Barry Eichengreen
KW  - Bond (finance)
KW  - Bretton Woods system
KW  - Canadian dollar
KW  - Capital control
KW  - Capital market
KW  - Central bank
KW  - Commodity
KW  - Credibility
KW  - Credit (finance)
KW  - Credit risk
KW  - Currency Internationalization
KW  - Currency competition
KW  - Currency swap
KW  - Currency
KW  - Current account
KW  - Customer
KW  - Debt
KW  - Deflation
KW  - Determinant
KW  - Deutsche Mark
KW  - Devaluation
KW  - Discounts and allowances
KW  - Economics
KW  - Economist
KW  - Economy
KW  - Endogeneity (econometrics)
KW  - Estimation
KW  - European Central Bank
KW  - Exchange rate
KW  - Export
KW  - Federal Reserve Bank
KW  - Fiat money
KW  - Finance
KW  - Financial crisis
KW  - Financial deepening
KW  - Financial institution
KW  - Financial transaction
KW  - Foreign Exchange Reserves
KW  - Foreign direct investment
KW  - Foreign exchange market
KW  - French franc
KW  - Gold reserve
KW  - Gold standard
KW  - Government debt
KW  - Gross world product
KW  - Import
KW  - Inflation
KW  - Institution
KW  - Interest rate
KW  - International Monetary Fund
KW  - International monetary systems
KW  - International trade
KW  - Internationalization
KW  - Investment
KW  - Investor
KW  - Invoice
KW  - Issuer
KW  - Liberalization
KW  - Local currency
KW  - Market capitalization
KW  - Market liquidity
KW  - Market participant
KW  - Monetary policy
KW  - Money market
KW  - Money
KW  - Natural monopoly
KW  - Network effect
KW  - Payment
KW  - Pound sterling
KW  - Receipt
KW  - Renminbi
KW  - Reserve currency
KW  - Securitization
KW  - Security (finance)
KW  - Sterling area
KW  - Store of value
KW  - Supply (economics)
KW  - Swiss franc
KW  - Tax
KW  - Trade credit
KW  - Treasury Bill
KW  - U.S. Bancorp
KW  - Underwriting
KW  - Unit of account
KW  - United States dollar
KW  - Valuation effects
KW  - World War II
KW  - World currency
KW  - World economy
N1  - Frontmatter --; Contents --; List of Tables --; List of Figures --; Acknowledgments --; 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 --; Notes --; References --; Index --; A NOTE ON THE TYPE; restricted access
N2  - A powerful new understanding of global currency trends, including the rise of the Chinese yuanAt 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
UR  - https://doi.org/10.1515/9781400888573?locatt=mode:legacy
UR  - https://www.degruyter.com/isbn/9781400888573
UR  - https://www.degruyter.com/document/cover/isbn/9781400888573/original
ER  -