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The Future of Sterling as an International Currency
Author: Benjamin J. Cohen
Publisher: London : Macmillan ; New York : St. Martin's Press
Published: 1971
Total Pages: 296
ISBN-13:
DOWNLOAD EBOOK →The Future of Sterling
How Global Currencies Work
Author: Barry Eichengreen
Publisher: Princeton University Press
Published: 2019-02-26
Total Pages: 270
ISBN-13: 0691191867
DOWNLOAD EBOOK →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.
Exorbitant Privilege
Author: Barry Eichengreen
Publisher: Oxford University Press
Published: 2011-01-07
Total Pages: 224
ISBN-13: 0199753784
DOWNLOAD EBOOK →It is, as a critic of U.S.
Currencies After the Crash: The Uncertain Future of the Global Paper-Based Currency System
Author: Sara Eisen
Publisher: McGraw Hill Professional
Published: 2012-10-26
Total Pages: 289
ISBN-13: 0071784896
DOWNLOAD EBOOK →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
The Future of the Dollar
Author: Eric Helleiner
Publisher: Cornell University Press
Published: 2012-09-15
Total Pages: 272
ISBN-13: 0801457491
DOWNLOAD EBOOK →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.
The Decline of Sterling
Author: Catherine R. Schenk
Publisher: Cambridge University Press
Published: 2010-05-27
Total Pages: 455
ISBN-13: 1139487256
DOWNLOAD EBOOK →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.
The Sterling Area
Author: British Information Services
Publisher:
Published: 1945
Total Pages: 8
ISBN-13:
DOWNLOAD EBOOK →A Good Old-Fashioned Future
Author: Bruce Sterling
Publisher: Spectra
Published: 2011-06-22
Total Pages: 308
ISBN-13: 0307796809
DOWNLOAD EBOOK →From the subversive to the antic, the uproarious to the disturbing, the stories of Bruce Sterling are restless, energy-filled journeys through a world running on empty--the visionary work of one of our most imaginative and insightful modern writers. They live as strangers in strange lands. In worlds that have fallen--or should have. They wage battles in wars already lost and become heroes--and sometimes martyrs--in their last-ditch efforts to preserve the dignity and individuality of humanity. A hack Indian filmmaker takes the pulse of a wounded and declining civilization--21st-century Britain. A pair of swashbuckling Silicon Valley entrepreneurs join forces to make a commercial killing--in organic underground slime and computer-generated jellyfish. A man in a Japanese city takes orders from a talking cat while pursuing a drama of danger and adventure that has become the very essence of his life. From "The Littlest Jackal", a darkly hilarious thriller of mercs and gunrunners set in Finland, to a stark vision of a post-atomic netherworld in his haunting tale "Taklamakan", Bruce Sterling once again breaks boundaries, breaks icons, and breaks rules to unleash the most dangerously provocative and intelligent science fiction being written today.
