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Publisher's URL: http://www.worldfinancialreview.com/
The global reserves system is coming under increased scrutiny both as a contributor to the global crisis and as a threat to future stability. This article examines how the change from sterling to the US dollar as the primary reserve currency was achieved without a major crisis in the international monetary system. It concludes that the process was carefully (and expensively) managed by the G10 group of economies.
|Glasgow Author(s):||Schenk, Prof Catherine|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|College/School:||College of Social Sciences > School of Social and Political Sciences > Economic and Social History|
|Journal Name:||World Financial Review|
|Published Online:||May 2011|