Dismantling Globalization by Changing the Rules

Dimitris N. Chorafas

Chapter 3 in Financial Cycles, 2015, pp 43-68 from Palgrave Macmillan

Abstract: Abstract Monetary history suggests that, at least in the West, the first dominant reserve currency has been the Roman aureus. Eventually it was replaced by another Roman currency, the solidus, a gold coin that managed to survive the fall of the Roman Empire. The solidus continued to dominate international trade, payments, and holdings well into the twelfth century when another coin took its place.

Keywords: Central Bank; Balance Sheet; Vote Share; Financial Cycle; Reserve Currency (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-49798-7_3

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DOI: 10.1057/9781137497987_3

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