Globalisation Without Global Money

Brendan Brown () and Robert Pringle ()
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Brendan Brown: Hudson Institute
Robert Pringle: Central Banking Publications

Chapter Chapter 2 in A Guide to Good Money, 2022, pp 15-32 from Springer

Abstract: Abstract This chapter offers an overview of the global monetary system, noting its main faults and its costs. There is a historical review of the role of leading international currencies and how they facilitate international trade and investment. Then it considers the flaws apparent in the international circuit of money, describing how it destabilises national economies, small and large, and how it promotes highly speculative investment funds pursuing strategies lacking long-term rationality.

Keywords: Bitcoin defects; Bretton Wood failures; Currency wars; EMU flaws; Exchange restrictions always unacceptable; Global money; Greatest US peacetime inflation; Monetary rules; Lake districts of money (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-06041-0_2

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DOI: 10.1007/978-3-031-06041-0_2

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