“Eichengreen’s purpose is to provide a brief history of the international monetary system. In this, he succeeds magnificently. Globalizing Capital will become a. Globalizing Capital: A History of the. International Monetary A major theme of Barry Eichengreen’s accessible history of the internationa etary system since. Economist Barry Eichengreen offers great insights into the workings of the system from in the second edition of Globalizing Cap.

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Trivia About Globalizing Capit If not, what would be the broader goal of a coordinated strategy?

Its Fall and Rise in the Twentieth Century. Eichengreem notes the association of exchange-rate behavior in each monetary regime with contemporaneous developments in world capital markets. Feb 08, Bryce rated it really liked it.

Eichengreen analyzes the shift from pegged to floating exchange rates in the s and ascribes that change to the growing capital mobility that has made pegged rates difficult to maintain. The glossary in the back is overly detailed for me, but certainly of help for the average reader.

The pre-war gold standard, the interwar chaos, the Great Tlobalizao, the Bretton Woods system, the emergence of the Euro, globalizqo current financial markets, the US-China trade imbalances, among others, are all explained in this money saga.

Glbalizao most recent books are Exorbitant Privilege: English Choose a language for shopping. The philosopher David Hume first came up with a theory to explain this. Please note that the link will expire twenty-four hours after the email is sent.


There’s just so much to unpack in this book. By and large, we HAVE been having-our-cake-and-eating-it-too.

Globalization with Chinese Characteristics by Barry Eichengreen – Project Syndicate

May 21, Paulo O’Brien rated it liked it. Eichengreen also wrote chapters on the failed gold standard of the s and s which lead to the Great Depression, and the system of floating exchange rates after when the Bretton Woods system dissolved.

Will aid economists, historians and interested people on the understanding of the main events that defined the world economic relations, especially on the twentieth century. At times, political instability itself seems to be more influential than either competing policy might be. Withoutabox Submit to Film Festivals. The introduction of capital controls and a drastic decline in capital flows after marked the interwar period. Review “Praise for the first edition: So this book was provided free of charge.

Eichengreen’s history is dense, but still fairly accessible. Because banks had little encouragement to borrow from the Reserve banks, there was a shortage of eligible bills.

Bob rated it it was amazing Nov 28, I almost wish he’d written a series of books covering each of the chapters in this book. Read more Read less.

Globalization with Chinese Characteristics

Read reviews that mention gold standard exchange rates bretton woods monetary system globalizing capital exchange rate international monetary great depression woods system central banks floating exchange barry eichengreen developing countries great book flow of money capital flows currency exchange pegged exchange economic history history of the international monetary.

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This work is a very thorough and informative resource. Please enter your email address and click on the reset-password button. This made international trade possible on a larger scale. Kindle Edition Verified Purchase.

Globalizing Capital: A History of the International Monetary System by Barry Eichengreen

A complicated, but exceedingly important topic. This book is excellent and should be read by all economics students. The problem, even if this were a true constraint on monetary expansion which there is reason to doubtwas eliminated by the Glass-Steagall Act of 27 Februarywhich permitted government bonds in Federal Reserve portfolios to serve as collateral against the note issue. Amazon Rapids Fun stories for kids on the go.

Thereafter, demand for gold coin and certificates soared, reflecting domestic fear of devaluation and speculative purchases of sterling, as the incoming Roosevelt administration raised doubts about its commitment to the existing gold parity.

Globalizing Capital will become a classic. The world’s leading economies wrestled with the issue again in the wake of the Second World War.