"This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...

The paper examines political resentments and backlashes in historical episodes of globalization in terms of discussions of the morality of rising inequalities of income and wealth. It investigates the link between this discussion and a different interest-based political system that prevails in...

"The eminent economic historian Harold James presents a new perspective on financial crises, dividing them into "good" crises, which ultimately expand markets and globalization, and "bad" crises, which result in a smaller, less prosperous world. Examining seven turning points in financial...