Barry Eichengreen is the John L. Simpson Professor of Economics and Political Science at the University of California, Berkeley. He is the author of European Monetary Unification: Theory, Practice and Analysis.
"This book by a prominent economic historian is a succinct and
well-written history of the international monetary system--the
general framework in which financial transactions among residents
of different countries take place--and its evolution.... [It]
provides useful historical background for understanding current
European efforts to create a monetary union."---Richard N. Cooper,
Foreign Affairs
"Capital flows in the recent period, unlike those in the earlier
one, proved to be incompatible with exchange rate stability.
[Eichengreen's] reasons for the difference. . . constitute a unique
insight and contribution. . . to the professional literature on a
familiar topic."
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