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Strategies for Internationalizing the RenminbiMonetary Systems and the International Monetary System: Evolution and Reform

Strategies for Internationalizing the Renminbi: Monetary Systems and the International Monetary... [The drastic changes in the international monetary system over the past 100 or so years present a history filled with turbulence and breathtaking excitement. The United Kingdom’s pound sterling was the primary reserve currency for much of the world in the 19th century. WWI then destroyed the pound sterling-centered international monetary system, replacing it with one dominated instead by the US dollar. Later, the old political and economic configuration in the world was completely shattered by WWII, over the course of which, the United States, thanks to its overall national prowess, prevailed over the increasingly war-torn United Kingdom, as the two countries vied for monetary supremacy.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Strategies for Internationalizing the RenminbiMonetary Systems and the International Monetary System: Evolution and Reform

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Publisher
Springer Singapore
Copyright
© Social Sciences Academic Press and Springer Nature Singapore Pte Ltd. 2018. The print edition is not for sale in China Mainland. Customers from China Mainland please order the print book from: Social Sciences Academic Press.
ISBN
978-981-13-0799-7
Pages
1 –37
DOI
10.1007/978-981-13-0800-0_1
Publisher site
See Chapter on Publisher Site

Abstract

[The drastic changes in the international monetary system over the past 100 or so years present a history filled with turbulence and breathtaking excitement. The United Kingdom’s pound sterling was the primary reserve currency for much of the world in the 19th century. WWI then destroyed the pound sterling-centered international monetary system, replacing it with one dominated instead by the US dollar. Later, the old political and economic configuration in the world was completely shattered by WWII, over the course of which, the United States, thanks to its overall national prowess, prevailed over the increasingly war-torn United Kingdom, as the two countries vied for monetary supremacy.]

Published: Aug 30, 2018

Keywords: International Monetary System; Supranational Currency; Gold Exchange Standard; Dollar Standard; Fiat System

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