National Currencies and Globalization

National Currencies and Globalization
Author: Paul Bowles
Publisher: Routledge
Total Pages: 275
Release: 2007-12-11
Genre: Political Science
ISBN: 1135976023

Download National Currencies and Globalization Book in PDF, Epub and Kindle

Globalization and money – two concepts inextricably linked. In many ways the speed with which financial resources traverse the globe, the opportunities which this provides for the efficient allocation of resources, the possibilities which this creates for financial crises and traders who act as agents removed from the concerns of national citizens have come to symbolize the phenomenon, hopes and fears of ‘globalization’. However, inextricably linked they may be, but well understood they are not. In the case of national currencies, a wide variety of predictions and analyses can be found. For some, national currencies represent barriers to a seamless global economy. Others argue that national currencies will disappear due to the power of international financial markets which will force national governments to adopt more credible currencies and abandon their own. In contrast, others see imperialism or regionalism as the main challenges. Paul Bowles provides an innovative and systematic analysis of the implications of theories of globalization for national currencies. He critically examines whether, as a result, the world is heading for fewer currencies. He argues that the main ‘force of globalization’ which is endangering national currencies is that of globalization as ‘neoliberal globalism’. However there is no single neoliberal position on money and so the ‘contingent’ nature of neoliberalism explains why this particular force of globalization operates more strongly in some countries than others. This is demonstrated in case studies of four systemically significant currencies, namely, those of Australia, Canada, Mexico and Norway. National Currencies and Globalization will be of interest to researchers and students of International Political Economy, Politics, Economics and Finance.

Nation-States and Money

Nation-States and Money
Author: Emily Gilbert
Publisher: Routledge
Total Pages: 253
Release: 1999-11-18
Genre: Business & Economics
ISBN: 1134658176

Download Nation-States and Money Book in PDF, Epub and Kindle

National currencies appear to be threatened from all sides. European Union member countries are due to abandon their national currencies in favour of a supranational currency by the year 2000. Elsewhere, the use of foreign currencies within national economic spaces is on the increase, as shown by the growth of eurocurrency activity, and currency su

Globalization Without Global Money

Globalization Without Global Money
Author: Stephan Schulmeister
Publisher:
Total Pages: 31
Release: 2014
Genre:
ISBN:

Download Globalization Without Global Money Book in PDF, Epub and Kindle

Globalization of markets and enterprises has characterized postwar economic development. As a consequence, national economies have become increasingly interdependent in a process toward a supranational closed system, the world economy. However, the globalization of markets and enterprises has not been paralleled by globalization of the monetary system - that is, by a transition from using national currencies to the creation of a supranational currency.

How Global Currencies Work

How Global Currencies Work
Author: Barry Eichengreen
Publisher: Princeton University Press
Total Pages: 270
Release: 2019-02-26
Genre: Business & Economics
ISBN: 0691191867

Download How Global Currencies Work Book in PDF, Epub and Kindle

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.

The Future of Money

The Future of Money
Author: Benjamin J. Cohen
Publisher: Princeton University Press
Total Pages: 319
Release: 2018-06-05
Genre: Business & Economics
ISBN: 0691187134

Download The Future of Money Book in PDF, Epub and Kindle

Is globalization leading us toward a world of fewer and fewer currencies and, consequently, simplified monetary management? Many specialists believe this is the case, as the territorial monopolies national governments have long claimed over money appears to be eroding. In The Future of Money, Benjamin Cohen argues that this view--which he calls the "Contraction Contention"--is wrong. Rigorously argued, written with extraordinary clarity, and thoroughly up-to-date, this book demonstrates that the global population of currencies is set to expand greatly, not contract, making monetary governance more difficult, not less. At the book's core is an innovative theoretical model for understanding the strategic preferences of states in monetary management. Should governments defend their traditional monetary sovereignty, or should they seek some kind of regional consolidation of currencies? The model offers two broad advances. First, whereas most scholarly work evaluates strategic options individually or in comparison to just one other alternative, this model emphasizes the three-dimensional nature of the decisions involved. Second, the model emphasizes degrees of currency regionalization as a central determinant of state preferences. Cohen also systematically explores the role of the private sector as an alternative source of money. The book concludes with two key policy proposals. First, fiscal policy should be resurrected as a tool of macroeconomic management, to offset the present-day erosion in the effectiveness of monetary policy. Second, the International Monetary Fund should more actively help coordinate the decentralized strategic decision-making of governments. The future of money will be perilous. But, by mapping out the alternative policies countries can follow, The Future of Money shows it need not be chaotic.

The World Money Maze

The World Money Maze
Author: Robert Triffin
Publisher: New Haven : Yale University Press
Total Pages: 608
Release: 1966
Genre: Business & Economics
ISBN:

Download The World Money Maze Book in PDF, Epub and Kindle

Financial globalization

Financial globalization
Author: James Tobin
Publisher:
Total Pages: 23
Release: 1998
Genre: Bank reserves
ISBN:

Download Financial globalization Book in PDF, Epub and Kindle

Currencies and Globalization

Currencies and Globalization
Author: Marcy L. Ferrington
Publisher: Nova Publishers
Total Pages: 226
Release: 2007
Genre: Business & Economics
ISBN: 9781600213199

Download Currencies and Globalization Book in PDF, Epub and Kindle

Currencies are often the targets of speculators and the sometimes reflections and engines of a country's prosperity. They affect consumption rates, political stability and industrial success. Exchange rates are carefully set and endlessly analysed and changed. This book presents leading contemporary issues related to currencies and globalisation.

National Currencies and Globalization

National Currencies and Globalization
Author: Paul Bowles
Publisher: Routledge
Total Pages: 224
Release: 2007-12-11
Genre: Business & Economics
ISBN: 1135976031

Download National Currencies and Globalization Book in PDF, Epub and Kindle

This book provides an innovative and systematic analysis of the implications of the theories of globalization for national currencies; and critically examines whether, as a result, the world is heading for fewer currencies.