Book notes: How global currencies work, by Barry Eichengreen, Arnaud Mehl and Livia Chiţu
A comprehensive introduction to the history of global reserve currencies
Barry Eichengreen, Arnaud Mehl and Livia Chiţu, How global currencies work: past, present, and future, Princeton University Press, 2017, 272 pages
This is a most timely book, arriving during a period of great global geopolitical upheaval and technological advance. How global currencies work – penned by three key economists from Berkeley, the University of California and the European Central Bank – looks to debunk the classical economic theory that there can only be one global reserve. The work
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