Foreign Affairs Article

PrintPrint EmailEmail ShareShare CiteCite
Style:MLAAPAChicagoClose

loading...

The End of National Currency

Author: Benn Steil, Senior Fellow and Director of International Economics
May/June 2007
Foreign Affairs

Share

Global financial instability has sparked a surge in "monetary nationalism" -- the idea that countries must make and control their own currencies. But globalization and monetary nationalism are a dangerous combination, a cause of financial crises and geopolitical tension. The world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.

Read full article at ForeignAffairs.com.

More on This Topic

Expert Roundup Authors: Edward Alden, Clyde V. Prestowitz, Thea Lee, and C. Fred Bergsten

Four experts weigh in on the role of free trade in driving U.S. economic growth and competitiveness amid high U.S. unemployment and a...

Interview Thomas A. Daschle interviewed by Christopher Alessi

The U.S. needs to revitalize trade policy and spur foreign investment in this country--timely ingredients for a job-creating economic...