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. Brief and lucid, Globalizing Capital is intended not only for
economists, but also a general audience of historians, political
scientists, professionals in government and business, and anyone with a
broad interest in international relations. Eichengreen demonstrates that
the international monetary system can be understood and effectively
governed only if it is seen as a historical phenomenon extending from
the period of the gold standard to today's world of fluctuating prices.
This updated edition continues to document the effect of floating
exchange rates and contains a new chapter on the Asian financial crisis,
the advent of the euro, the future of the dollar, and related topics.
Globalizing Capital shows how these and other recent developments can
be put in perspective only once their political and historical contexts
are understood.