Finally, the authors outline the reforms necessary to create monetary, financial and banking systems free of the episodic inflation, devaluation, debt crises, and exchange rate volatility that have plagued the twentieth century.
National currencies appear to be threatened from all sides. European Union member countries are due to abandon their national currencies in favour of a supranational currency by the year 2000.
Money and the Nation-state: Some Questions Surrounding Monetary Sovereignty
Sassen, S. (1996) Losing Controli': Sovereignty in an Age of Globalisation, New York: Columbia University Press. Solomon, L. D. (1996) Rethinking Our Centralized Monetary System: The Case fira System 1y” Local Currencies, Westport, ...
The central theme of the book is the limitations and constraints on state action which arise from the relation between the (nation) state and the global flow of money.
Mises believed that Germany should not seek revenge for the ?fetters . . . forced upon German development by the peace of Versailles.” Rather, his theme throughout this book is that Germany should adopt liberal ideas and a free market ...
Arguing that nation states are forfeiting their role in the global economy, the author contends that other forces have usurped economic power--capital, corporations, customers, communications, and currencies--and that natural economic zones ...
The history of globalization is anything but a no-frills affair that moves smoothly along a clear-cut, unidirectional path of development, eventually leading to seamless global integration.
According to Hobsbawm, nationalist imagery on flags and stamps in this period was driven by the desire of public authorities to devise new methods of maintaining legitimacy in the face of domestic challenges to their rule.
Rethinking Our Centralized Monetary System: The Case for a System of Local Currencies. Westport, Conn.; Praeger. Sprenkle, Case M. (1993). “The Case of the Missing Currency.” Journal of Economic Perspectives 7, no. 2 (Fall): 175–84.
In this profoundly important book, the author argues that nation states have not only lost their ability to control exchange rates and protect their currencies, but they have forfeited their role as critical participants in the global ...