Author: Barry J. Eichengreen, George & Helen Pardee Professor of Economics & Political Science, University of California, Berkeley
January/February 2012
Foreign Affairs
Confidence in the dollar and the euro continues to falter, threatening the international monetary system. The world has faced such monetary collapse before: in the 1930s, with disastrous results, and less catastrophically in the 1970s. Understanding these two precedents is crucial to successfully navigating the crisis today.
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