Money beyond borders: global currencies from Croesus to crypto, by Barry Eichengreen
Lessons from economic history indicate the dollar’s decline could result in a messy transition that spawns a global crisis
Barry Eichengreen, Money beyond borders: global currencies from Croesus to crypto, Princeton University Press, 2026, 344 pages
Is the US dollar doomed to lose its status as the global reserve currency? Barry Eichengreen has set out to answer this question in the latest of his impressive exercises in showing the relevance of economic history to current policy debates. His aim is to consider “the future of the dollar, and where… history suggests it is in its life cycle” (p 20). His conclusion is
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