How Global Currencies Work: Past, Present, and Future

I liked reading this book with empirical support for the arguments presented. It elaborates the evolving nature of the international finance and monetary relations based on historical facts and figures. Further elaboration of underlying forces of historical developments would have shed more light on how the future scenario would be shaped and what to expect though it makes a lengthier version a must.

Given the pedigree of the authors (Eichengreen known for “Exorbitant Privilege” and the other two from the ECB), I expected a lot more from this. The first couple chapters examine historical statistical relationships and empirical evidence for certain factors and how they help or hinder the internalization of a currency. These chapters are slightly too technical but still valuable. The remaining half of the book is surface level repeating of facts that anybody with a Financial Times subscription would already know. Only buy this if you know little to nothing about currencies.

Get past the politics and read what the real world is about. Being a laymen who love the subject, this book was easy to understand. Although there is some technical stuff in there that over my head. Great read. Knowledge freedom.

Highly Recommended. ITEM AS DESCRIBED AND SHIPPED QUICKLY. Thanks.

This short book looks at the history of currencies for guidance on how long the U.S. dollar will remain the dominant global currency. Much of the history tells the story of how the world moved from the British pound as the international currency to the U.S. dollar. Using new data from the 1920's and 1930's, the authors show that this move happened faster and earlier than many people think. They disagree with the traditional view that dominant currencies will persist long after a country's economic dominance has declined. And they show that multiple reserve currencies can coexist. They expect the dollar will have rivals sooner than later.Although an academic book with some statistical analysis, the book is easy to read with short chapters that get to the point. Along the way, the authors explain why and how businesses and governments conduct currency transactions, which helps us understand what drives preferences in currencies. All of this work is relevant to thinking about changes that might take place if China overtakes the U.S. as the largest economy.

Excelente, muito bom.

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Ho avuto problemi e momentaneamente non posso finirlo dato che vivo in un posto maledetto dove solo la notte si possono avere una decina di minuti per leggere in santa pace. 5 stelle a priori data la qualitá delle informazioni. Comunque, é fluente e scorre facilmente. Avrei preferito più matematica ma non é un trattato di statistica.