Re-coinage implies that old coins are declared invalid and exchanged for new ones at fixed exchange rates and dates. Empirical evidence shows that re-coinage could occur as often as twice a year within a currency area in the Middle Ages. The exchange fee at re-coinage worked as a monetary tax...

The rise of regional monetary arrangements poses a challenge for the International Monetary Fund (IMF)'s global surveillance efforts. This paper reviews how the IMF has responded to earlier regional initiatives, from the European Payments Union of the 1950s and the Gold Pool of the 1960s to the...

China's vision of global governance: a resurrection of the "Central Kingdom" / Lai-Ha Chan, Pak K. Lee, and Gerald Chan -- Rising from within: China's search for a multilateral world and its implications for sino-us relations / Mingjiang Li -- China's participation in global trade negotiations /...