Globalizing Capital: A History of the. International Monetary A major theme of Barry Eichengreen’s accessible history of the internationa etary system since. Eichengreen, B.: Globalizing Capital: a. System. IX, pp. Princeton Univer. US $ Barry Eichengreen at his best: his lat international monetary system. “Eichengreen’s purpose is to provide a brief history of the international monetary system. In this, he succeeds magnificently. Globalizing Capital will become a.

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The book traces the evolution of preferences for different kinds of exchange-rate arrangements by countries against the background of swings in the behavior of their exchange rates. Will demand a second reading shortly, but the first reading nonetheless added greatly to my understanding of the tides of global finance throughout the 20th century and to the ways in which international economic and monetary trends impacted the politics of the 20th century.

Despite my reservations about some of the positions Eichengreen takes on historical and current monetary regimes, he has performed a useful service by providing a succinct characterization of the varieties of international monetary regimes that countries have adopted in recent decades in response to the rise of capital mobility.

Excellent book for Monetary Economy fans.

Declaiming the benign consequences of international cooperation is sentimentality. Refresh and try again. Its writting is clear, precise and consider the historical aspects of the Monetary Economy pretty well.

Other editions – View all Globalizing Capital: The exchange rate reserve as an external check is equally ineffective. It’s a very good book filled with interesting history gobalizing how countries manage their monetary policy in relation to each other. Throughout, Eichengreen stresses the crucial role of international cooperation in preserving monetary regimes.


Globalizing Capital: A History of the International Monetary System

Preview — Globalizing Capital by Barry Eichengreen. How much more so, it follows, will lack of consensus exist at the international level.

And on a few occasions, Eichengreen provides “rational” explanations for investor behavior that conventional wisdom suggests caapital something like a collective punishment for a lack of fiscal discipline.

Jan 19, John rated it really liked it. Now Barry Eichengreen presents a brief, lucid book that tells the story of the international financial system over the past years. Princeton University Press, Pages: Is it even possible for a coordinated strategy to provide those fixes?

Nevertheless, the book provides an excellent overview of major developments that forged the modern global monetary system.

Barry Eichengreen, Globalizing Capital

On the Verge of a Big Bang? Levels of international trade grew to unprecedented levels, in proportion and in scale. Capital controls freed the authorities from these unwanted consequences, but because controls are never watertight, and eventually became unenforceable, they were no answer to the weakened commitment in modern societies to pegged exchange rates.

I recommend this book, but only if you’re already interested in the topic.

What are the pros and cons of a shared global currency analogous to the Euro? In this, he succeeds magnificently. The author spoke at an Asian Forum hosted by Barclay’s bank a few years ag0. Volker RittbergerBernhard Zangl No preview available globalizign If you’re at all interest in the international monetary system I highly recommend this book.


Kudos to Barclay’s for educating their clients.

Globalizing Capital

So this book was provided free of charge. Is that all there is to it? It isn’t entirely clear to me what the optimal cooperation scenario here with look like or how it would be superior to the absence of a consistent trend; devaluation seems to be a country specific strategy applied to deal with internal problems. To ask other readers questions about Globalizing Capitalplease sign up. Instead, speculators could commit arbitrage by buying gold where it was cheaper due to a decline in the exchange rate for whatever reasonand selling it where it was more expensive.

Brilliant, accessible review of global monetary history since the late 19th century. Globalizing Capital is intended not only for economists but also for a general audience of historians, political scientists, professionals in government and business, and anyone with a broad interest in international economic and political relations.

Globalizing Capital will become a classic. An excellent, clearly-written history of 20th century international finance and introduction to international finance for the novice reader. LDCs have tried to reduce high inflation rates by unilaterally pegging the nominal exchange rate as eichengreen nominal anchor in a stabilization program.

The Evolution of a Nineteenth-century Atlantic Thanks for telling us about the problem.