-
When did the dollar overtake sterling as the leading international currency?
Conventional wisdom states that the dollar took over as the leading international currency after the Second World War. This column presents new evidence from the bond markets suggesting it was much earlier in the 1920s. This implies that inertia and lock-in effects in international currencies are not all they’re cracked up to be and that the shift to a multipolar currency system might happen sooner than commonly believed. The global economic and financial crisis has lent new impetus to discussions of the future of the international monetary and financial system. Some advocate moving to a multipolar system in which ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 23, 2012 2:41am May 23, 2012 2:41am
- explorer101
- | Joined Apr 2012 | Status: Member | 357 Comments
- Comment #2
- Quote
- May 23, 2012 3:37am May 23, 2012 3:37am
- vilas
- | Joined Aug 2007 | Status: Member | 44 Comments
- Comment #3
- Quote
- May 23, 2012 4:01am May 23, 2012 4:01am
- jeff4w
- | Joined Mar 2012 | Status: Member | 5 Comments