First published more than a decade ago globalizing capital remains an indispensable part of the economic literature today written by renowned economist barry eichengreen this classic book emphasizes the importance of the international monetary system for understanding the international economy. Eichengreens purpose is to provide a brief history of the international monetary system in this he succeeds magnificently globalizing capital will become a classic douglas irwin university of chicagothe importance of the international monetary system is clearly evident in daily news stories . Globalizing capital a history of the international monetary system princeton nj princeton university press 1996 pp 3 92 shrinking of money supply after the adoption of the gold standard resulted in deflation due to standard lacked the credibility and durability of the first since 1 international cooperation to. Barry eichengreen globalizing capital a history of the international monetary system second edition princeton university press princeton and oxford. The history of the international monetary system according to eichengreen is largely a history of major governments gradual grudging acknowledgment of a conflict between internal and external monetary stability and their generally unsuccessful efforts to overcome the conflict by means of international cooperation
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