By Emily Gilbert, Eric Helleiner
Nationwide currencies seem to be threatened from each side. ecu Union member international locations are because of abandon their nationwide currencies in favour of a supranational foreign money by means of the 12 months 2000. in different places, using foreign exchange inside of nationwide fiscal areas is at the raise, as proven by way of the expansion of eurocurrency task, and foreign money substitution in lots of elements of the area. within the final decade, privately-issued sub-national neighborhood currencies have additionally proliferated in a few international locations, and are expecting the emergence of personal digital monies of the long run.
within the mild of those changes, this booklet asks what the long run holds for nationwide currencies. the 1st half the quantity addresses concerns in relation to funds major as much as, and through, the formation of nationwide currencies. Ranging greatly of their ancient and geographical context, the papers problematise the connection among cash and geographical regions via analyzing replacement types and makes use of of currencies in this interval. the second one part examine modern demanding situations confronted via nationwide currencies.
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Nationwide currencies seem to be threatened from each side. eu Union member nations are because of abandon their nationwide currencies in favour of a supranational forex via the 12 months 2000. in other places, using foreign exchange inside nationwide monetary areas is at the raise, as proven through the expansion of eurocurrency task, and forex substitution in lots of components of the realm.
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Extra info for Nation-States and Money: The Past, Present and Future of National Currencies (Ripe Series in Global Political Economy,)
But its completion—particularly involving the break-up of large regional common currency zones of the colonial period—did not come until independence. The most striking exception to this pattern involved most of the excolonies of France in Africa which maintained the common CFA franc zones of the colonial period. E. (1987) ‘What is money? Schwartz, eds Intercorporate Relations: The Structural Analysis of Business, Cambridge: Cambridge University Press: 109–44. E. Jimerson (1992) ‘The sociology of money’ American Behavioral Scientist 35:687–93.
It is precisely to uncover this kind of complexity that in this volume we have juxtaposed historical accounts of the formation of national currencies with papers on the contemporary challenges that these national currencies now face. Indeed, the future of national currencies is very much implicated in how money, nations, and states have been interrelated in the past. Despite the importance of an historical analysis, we also argue that fully to understand the interrelationship between money and nation-states—whether in the past, present or the future—requires that we also take into account the geographical, political, social and cultural dimensions of money.
1995) The Banker’s Art: Studies in Paper Money, London: British Museum Press. Hewitt, V. Keyworth (1987) As Good as Gold: 300 Years of British Bank Note Design, London: British Museum Publications, Inc. Hobsbawm, E. (1992) Nations and Nationalism Since 1780, 2nd edn, Cambridge: Cambridge University Press. Ingham, G. (1996a) ‘Critical survey: some recent changes in the relationship between economics and sociology’ Cambridge Journal of Economics 20:243–75. Ingham, G. (1996b) ‘Review essay: the#8220;new economic sociology”’ Work, Employment and Society 10:549–64.