“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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Amazon Advertising Find, attract, and engage customers. Bob rated it gloalizao was amazing Nov 28, This Time Is Different: Lists with This Book. The gold standard seems like a bit of harmless lunacy, but I’m also worried about the implications of extreme protectionism, the world splitting into multiple currency blocks, and a complete shuttering of global trade. See all 19 reviews. Would a hypothetical expansionary monetary policy in to have driven the United States off gold?

If you can’t find this email, please check your spam globqlizao. Tj rated it it was amazing Dec 02, eixhengreen Refresh and try again. Again, that grounding is something he warns up front I needed to bring to the table and I didn’t, so I have no one to blame but myself.

We use cookies to improve your experience on our website. Also described is the integration of much of Europe into globailzao single currency area to escape floating exchange rate fluctuations. Investors who own debt sufficient to see the value of that debt diminished by inflation and augmented by deflation.


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

Feb 15, Ajay rated it really liked it Shelves: Well, you can’t have it all – or at least not forever. Learn more about Amazon Giveaway. The fear that speculation could overwhelm real value in the economy seems to have been misguided. And once investors lost faith in a country’s ability and willingness to defend their currency, capital mobility exacerbated eichngreen currency’s eichengren, rather than mitigating that weakness as it had during the gold standard when government defense of convertibility was a given.

Eichengreen Limited preview – This work is extremely well referenced with a truly astounding number of sources, both in the footnotes and in the bibliography at the end.

Globalization with Chinese Characteristics

Similar comments in the book are that if other countries during the interwar period had supported the exchange rate of the nation in distress, economic conditions would glohalizao have deteriorated so badly p.

Praise for the first edition: A very good history of the last years or so of global trade.

Get fast, free shipping with Amazon Prime. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract eichengteen followers and customers.

By the early s the system was dead. Globalization glutted Europe with metals and increased the scale of international financial trading and investment along with the rest of trade. Mark Pasewark rated it liked it Sep 03, Later problems with bimetallism use of silver coin as well as gold became apparent and caused the United Kingdom and other countries to go on the gold standard. It took me a while to read it because I had to read it in small bites to keep everything from blurring together.


That being said, Eichengreen did a masterful job. I wish some of these things had just been explained briefly; obviously, a technical audience would not have found that necessary, but for me a little bit of that would have made the preponderance of examples go a lot farther. If not, what would be the broader goal of a coordinated strategy?

Feb 08, Bryce rated it really liked it. It has become increasingly apparent that one cannot understand the international economy without knowing how its monetary system operates.

View all 3 comments. Other books include Globalizing Capital: The glossary in the back is overly detailed for me, but certainly of help for the average reader. I read this for a grad class in international finance and it was surprisingly readable after the first few chapters.

Globalization with Chinese Characteristics by Barry Eichengreen – Project Syndicate

The imbalance only grew as Washington printed dollars to fund major social programs and fight the war in Vietnam. Usually, the problem eichehgreen that I want mechanistic hypotheses that the available data can’t evaluate.

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