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Get Ready for a World Currency

  • Myron J. Frankman
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Part of the International Political Economy Series book series (IPES)

Abstract

Humankind has come a long way since ‘money’ emerged as a device for facilitating the exchange of goods and services. Money has evolved, by an uncertain trajectory, from natural objects to human artifacts, to fiat money, to ledger entries, and to electronic impulses with or without tangible counterparts. Transactions have also coevolved to include face-to-face, multi-faceted encounters between buyers and sellers, and impersonal exchanges, often at a distance and often of financial claims not directly rooted in production processes. Those of us who awake to radio or TV broadcasts are greeted on the morning of each working day with a reminder of the global reach of money by market quotations from around the world—finance being one remaining empire on which the Sun never sets.

Keywords

Exchange Rate Central Bank Monetary Union Exchange Rate Change World Currency 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

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Copyright information

© Myron J. Frankman 2004

Authors and Affiliations

  • Myron J. Frankman
    • 1
  1. 1.McGill UniversityCanada

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