scholarly journals Where leads the line of the dollar’ fate

2021 ◽  
pp. 0
Author(s):  
Mikhail Portnoy
Keyword(s):  
Great Britain ◽  
Negative Influence ◽  
National Currency ◽  
System Construction ◽  
Bretton Woods ◽  
Monetary System ◽  
Commodity Money ◽  
The Status ◽  
Currency Competition ◽  
Common World

The lessons of interaction of commodity money (gold) and credit money (pound sterling and dollar) are considered using the case of Peel’s Act of 1844 in Great Britain and the case of Bretton Woods monetary system. The ideas of “Triffin’s dilemma”, and its significance are discussed, as well, as its negative influence on the people’s understanding of the monetary system construction. The erroneous of common world currency is discovered. The trend of national currency ascent to the status of world currency is determined as a typical way of currency development and currency competition. 

scholarly journals Deregulierung, Globalisierung und Deflation

2004 ◽  
Vol 34 (134) ◽  
pp. 15-40
Author(s):  
Hansjörg Herr
Keyword(s):  
World Economy ◽  
Foreign Currency ◽  
Capital Controls ◽  
Nominal Exchange Rate ◽  
Nominal Wage ◽  
Bretton Woods ◽  
Monetary System ◽  
Current Account Imbalances ◽  
Currency Competition ◽  
Economic Regime

Over the last decades, the economic regime changed substantially. The world economy developed from a hegemonic monetary system to a multi-currency system with intensive currency competition. With the breakdown of the Bretton-Woods System the nominal exchange-rate anchor collapsed, capital controls were reduced substantially, dollarisation increased, current account imbalances and debt in foreign currency exploded. Last but not least, labour markets were deregulated and the nominal wage anchor for the price level weakened. All these factors will lead to an increased danger of a deflationary world economy in the future.

ON THE PERCEPTION OF I.S. TURGENEV IN BRITAIN

2021 ◽  
pp. 46-58
Author(s):  
Tatiana Krasavshenko ◽  
Keyword(s):  
Great Britain ◽  
Russian Novel ◽  
The Status ◽  
The Subject ◽  
Hall Of Fame

The subject of the article is I.S. Turgenev’s reputation in Great Britain. He gained international fame in 1860s-1870s, was the first to present the great Russian novel in Britain, where for some time he was perceived as a «strong energetic writer», but later, as Tolstoy and Dostoevsky appeared on the literary scene as «sages» and «prophets», he was relegated to the status of esthete, «pure artist». Victorians had the «Hall of fame» for the «first row» writers and a chapel for lesser deities - «pure artists», where paradoxically they gave a place to a «large, strong hunter» Turgenev.

scholarly journals GEOECONOMIC ASPECTS OF THE MONETARY GLOBALIZATION

2020 ◽  
Vol 19 (Vol 19, No 3 (2020)) ◽  
pp. 395-408
Author(s):  
Oleksandr SHAROV
Keyword(s):  
Economic Globalization ◽  
International Level ◽  
Historical Process ◽  
Bretton Woods ◽  
Monetary System ◽  
The World ◽  
Further Development ◽  
Over Time ◽  
Qualitative Changes

Author defines monetary globalization and examines the historical process of spreading money and cash nexus across the globe. It is stated that money developed almost simultaneously in three great civilizations (Europe, India, China), but over time the Hellenistic form of money absorbed and universalized all other forms of money. The author examines in detail the process of distribution of metallic and then credit form of money and their impact on economic globalization. All these processes occurring both in the markets of separate countries or small regions and at the international level (where money started to act as global currency almost immediately after its appearance) constitute the essence of the monetary globalization. The author dwells on the post-Bretton Woods period of development of the World Monetary System, believing that the extensive phase of monetary globalization has come to an end at this stage and its further development will be caused by fundamental qualitative changes.

A Search for Solvency: Bretton Woods and the International Monetary System, 1941-1971

1977 ◽  
Vol 82 (4) ◽  
pp. 1098
Author(s):  
Warren F. Kimball ◽  
Alfred E. Eckes ◽  
Joseph P. Lash
Keyword(s):  
International Monetary System ◽  
Bretton Woods ◽  
Monetary System

8. The Evolution of the International Monetary and Financial System

2016 ◽  
Author(s):  
Eric Helleiner
Keyword(s):  
Exchange Rate Regime ◽  
Financial System ◽  
Late Nineteenth Century ◽  
United States Dollar ◽  
Bretton Woods ◽  
Monetary System ◽  
Floating Exchange Rate ◽  
Post War ◽  
The Stability ◽  
Monetary Order

This chapter examines the evolution of the international monetary and financial system since the late nineteenth century. It first considers how changing political circumstances, both internationally and domestically, during the interwar years undermined the stability of the globally integrated financial and monetary order of the pre-1914 period. It then looks at the Bretton Woods monetary system created in 1944 for the post-war period, along with the causes and consequences of challenges to the Bretton Woods order which have emerged since the early 1970s with the globalization of financial markets, the collapse of the gold standard, and the move to a floating exchange rate regime among the major economic powers. The future of the United States dollar is also assessed.

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