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London's preeminence as a foreign exchange trading center is of recent vintage. Before World War I, there was little demand for foreign currencies by British banks, firms and investors, which conducted the majority of their cross-border transactions in sterling. Foreign currency transactions...
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Capital Flows and Crises, and Financial Crises and What to Do About Them. Data shows that Emerging Asia relies less on bonds …
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This paper asks how Asia should prepare for the disorderly correction of global imbalances. It recommends tightening … easily if they are coordinated within Asia. …
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Intro -- Contents -- 1. Introduction / Barry Eichengreen and Jeffry Frieden -- Part 1: Economic and Monetary Union -- 2. The Transition to Economic and Monetary Union / Geoffrey Garrett -- 3. The Political Economy of French Economic Policy in the Perspective of EMU / Christian de Boissieu and...
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