This paper examines the relationship between currency internationalisation and economic structure. It argues that the hierarchical and asymmetric architecture of the international monetary system imposes a "survival constraint" upon non-centre countries that obliges them to generate net inflows...

This note corrects the omission of a small amount of information from the analysis by Mushin (2010) of the introduction, between 1955 and 1973, of decimal replacements for the British currency model. The conclusions are not significantly changed

The literature has not being able to identify clear-cut real effects of exchange-rate regimes on output growth. Similarly, no definitive view emerges from the literature in regard to the effects of open capital markets on macroeconomic performance. The paper attributes the failure of the...