Globalization Without Global Money: The Double Role of the Dollar as National Currency and as World Currency
Journal of Post Keynesian Economics, Vol. 22, No. 3, p. 365, Spring 2000
31 Pages Posted: 26 Nov 2010
Date Written: 2000
Globalization of markets and enterprises has characterized postwar economic development. As a consequence, national economies have become increasingly interdependent in a process toward a supranational closed system, the world economy. However, the globalization of markets and enterprises has not been paralleled by globalization of the monetary system - that is, by a transition from using national currencies to the creation of a supranational currency.
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