Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Future Of Sterling As An International Currency PDF full book. Access full book title The Future Of Sterling As An International Currency.
| Author | : Benjamin J. Cohen |
| Publisher | : London : Macmillan ; New York : St. Martin's Press |
| Total Pages | : 296 |
| Release | : 1971 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Barry Eichengreen |
| Publisher | : Princeton University Press |
| Total Pages | : 270 |
| Release | : 2019-02-26 |
| Genre | : Business & Economics |
| ISBN | : 0691191867 |
A powerful new understanding of global currency trends, including the rise of the Chinese yuan At 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. But in How Global Currencies Work, three noted economists overturn this conventional wisdom. 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. 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 fact, they show that multiple international and reserve currencies have coexisted in the past—upending the traditional view of the British pound’s dominance before 1945 and the U.S. dollar’s postwar dominance. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, including how increased currency competition might affect global financial stability.
| Author | : Susan Strange |
| Publisher | : London ; New York : Oxford University Press |
| Total Pages | : 414 |
| Release | : 1971 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Catherine R. Schenk |
| Publisher | : Cambridge University Press |
| Total Pages | : 455 |
| Release | : 2010-05-27 |
| Genre | : Business & Economics |
| ISBN | : 1139487256 |
The demise of sterling as an international currency was widely predicted after 1945, but the process took thirty years to complete. Why was this demise so prolonged? Traditional explanations emphasize British efforts to prolong sterling's role because it increased the capacity to borrow, enhanced prestige, or supported London as a centre for international finance. This book challenges this view by arguing that sterling's international role was prolonged by the weakness of the international monetary system and by collective global interest in its continuation. Using the archives of Britain's partners in Europe, the USA and the Commonwealth, Catherine Schenk shows how the UK was able to convince other governments that sterling's international role was critical for the stability of the international economy and thereby attract considerable support to manage its retreat. This revised view has important implications for current debates over the future of the US dollar as an international currency.
| Author | : Alan Charles Lynn Day |
| Publisher | : |
| Total Pages | : 244 |
| Release | : 1954 |
| Genre | : Money |
| ISBN | : |
| Author | : Catherine Ruth Schenk |
| Publisher | : |
| Total Pages | : 455 |
| Release | : 2014-05-14 |
| Genre | : Business & Economics |
| ISBN | : 9780511677571 |
"The demise of sterling as an international currency was widely predicted after 1945, but the process took thirty years to complete. Why was this demise so prolonged? Traditional explanations emphasize British efforts to prolong sterling's role because it increased the capacity to borrow, enhanced prestige, or supported London as a centre for international finance. This book challenges this view by arguing that sterling's international role was prolonged by the weakness of the international monetary system and by collective global interest in its continuation. Using the archives of Britain's partners in Europe, the USA and the Commonwealth, Catherine Schenk shows how the UK was able to convince other governments that sterling's international role was critical for the stability of the international economy and thereby attract considerable support to manage its retreat. This revised view has important implications for current debates over the future of the U.S. dollar as an international currency"--Provided by publisher.
| Author | : Barry Eichengreen |
| Publisher | : Oxford University Press |
| Total Pages | : 224 |
| Release | : 2011-01-07 |
| Genre | : Business & Economics |
| ISBN | : 0199753784 |
It is, as a critic of U.S.
| Author | : Paul Bareau |
| Publisher | : |
| Total Pages | : 100 |
| Release | : 1958 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Sara Eisen |
| Publisher | : McGraw Hill Professional |
| Total Pages | : 289 |
| Release | : 2012-10-26 |
| Genre | : Business & Economics |
| ISBN | : 0071784896 |
From the brightest minds in the field—a revealing look at how countries use their currencies to achieve prosperity . . . and the coming repercussions Bloomberg Television's Sara Eisen sheds light on the complex global financial system through this illuminating collection of essays. She hand selected the crème de la crème of authors from the world's most prestigious academic institutions and esteemed professional organizations to share—for the first time in print—their observations and deductions on the topics that matter most to you and your future wealth, including: • THE RELATIONSHIP BETWEEN CURRENCIES AND FINANCIAL CRISES • THE FLAWS WITHIN THE INTERNATIONAL EXCHANGE RATE SYSTEM AND THEIR CONSEQUENCES • HOW EMERGING MARKETS FIT INTO THE CURRENT AND FUTURE EXCHANGE RATE FRAMEWORK • THE IMPACT EXCHANGE RATES HAVE ON FREE TRADE AND ECONOMIC GROWTH • WHAT DEFINES A "SAFE HAVEN" CURRENCY AND ITS ROLE • POTENTIAL SOLUTIONS TO THE CURRENT ECONOMIC PROBLEMS "Today's fiat currency system is based upon trust among market participants, politicians, and central bankers--and that trust is assembled around the reserve currency that enjoys an exorbitant privilege. The reserve status is in doubt in a post financial crisis era but alternatives are lacking. . . . This book is a great guide on how the global currency system is morphing into apotential new standard, but not without the necessary volatility."—Ben Emons, Senior Vice President, Portfolio Manager, PIMCO
| Author | : Eric Helleiner |
| Publisher | : Cornell University Press |
| Total Pages | : 272 |
| Release | : 2012-09-15 |
| Genre | : Business & Economics |
| ISBN | : 0801457491 |
For half a century, the United States has garnered substantial political and economic benefits as a result of the dollar's de facto role as a global currency. In recent years, however, the dollar's preponderant position in world markets has come under challenge. The dollar has been more volatile than ever against foreign currencies, and various nations have switched to non-dollar instruments in their transactions. China and the Arab Gulf states continue to hold massive amounts of U.S. government obligations, in effect subsidizing U.S. current account deficits, and those holdings are a point of potential vulnerability for American policy. What is the future of the U.S. dollar as an international currency? Will predictions of its demise end up just as inaccurate as those that have accompanied major international financial crises since the early 1970s? Analysts disagree, often profoundly, in their answers to these questions. In The Future of the Dollar, leading scholars of dollar's international role bring multidisciplinary perspectives and a range of contrasting predictions to the question of the dollar's future. This timely book provides readers with a clear sense of why such disagreements exist and it outlines a variety of future scenarios and the possible political implications for the United States and the world.
