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SUMMARY:International currencies past\, present and future: two views from
  economic history - Professor Barry Eichengreen (University of California\
 , Berkeley)
DTSTART:20141113T170000Z
DTEND:20141113T183000Z
UID:TALK55073@talks.cam.ac.uk
CONTACT:31344
DESCRIPTION:This paper contrasts two view of international currency status
 : an “old view” in which network increasing returns are sufficiently s
 trong that one currency dominates international markets at any point in ti
 me\, versus a “new view” in which networks are open and several intern
 ational currencies can coexist. It marshals historical evidence in favor o
 f the “new view” and suggests that several national currencies\, most 
 plausibly the U.S. dollar and Chinese renminbi\, are likely to share this 
 international currency role in the not-too-distant future.
LOCATION:Graham Storey Room\, Trinity Hall
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