for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …

Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of its double … monetary system, in which all the countries have a decision weight. In particular, I think that globalization and …

Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar … monetary system of block regional currencies. Globalization and regionalization should be the two forces leading towards the …