Monetary and Financial Reform in Two Eras of Globalization

Barry Eichengreen and Harold James

in Globalization in Historical Perspective

Published by University of Chicago Press

Published in print August 2003 | ISBN: 9780226065984
Published online February 2013 | e-ISBN: 9780226065991 | DOI:
Monetary and Financial Reform in Two Eras of Globalization

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This chapter reviews the history of successes and failures in international monetary and financial reform in two eras of globalization: the late nineteenth century and the late twentieth century, and in the period in between. The narrative proposes the hypothesis that a consensus on the need for monetary and financial reform is likely to develop when such reform is seen as essential for the defense of the global trading system. A commentary is also included at the end of the chapter.

Keywords: monetary reform; financial reform; globalization; global trading system

Chapter.  16088 words. 

Subjects: Economic History

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