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- 000 02608cam a2200313 i 4500
- 008 170422t20182018njua b 001 0 eng d
- 020 __ |a 9780691177007(hardcover) : |c CNY273.87
- 020 __ |a 0691177007(hardcove)r
- 040 __ |a BTCTA |b eng |e rda |c BTCTA |d YDX |d BDX |d ERASA |d CDX |d BKL
- 050 _4 |a HG3881 |b .E3473 2018
- 100 1_ |a Eichengreen, Barry J., |e author.
- 245 10 |a How global currencies work : |b past, present, and future / |c Barry Eichengreen, Arnaud Mehl, Livia Chitu.
- 260 __ |a Princeton, New Jersey : |b Princeton University Press, |c c2018
- 300 __ |a xv, 250 pages : |b illustrations ; |c 25 cm
- 336 __ |a text |b txt |2 rdacontent
- 504 __ |a Includes bibliographical references (pages 201-244) and index.
- 520 8_ |a "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 Chi? 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 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."--Dust jacket.
- 650 _0 |a International finance.
- 700 1_ |a Mehl, Arnaud, |e author.
- 700 1_ |a Chitu, Livia, |e author.