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International Money and Common Currencies in Historical Perspective

Gerald P. Dwyer, Jr. and James R. Lothian

in Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability

Published in print:
2004
Published Online:
August 2004
ISBN:
9780199271405
eISBN:
9780191601200
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199271402.003.0004
Subject:
Economics and Finance, Economic Systems

This chapter reviews the history of international monies and the theory related to their adoption and use. There are four key characteristics of these currencies: High unitary value, relatively low ... More


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