... would have secreted my black market koruna. And that’s exactly what they were seeking. Across Eastern Europe at the time, governments were taking similar measures, largely in vain, to put a stake through the heart of black market currency trading that was making a mockery of what they sought...

... as it is an economic one, and access to the different types of currency depends on government policy and banking-sector regulation. Copyright © 2016 World Policy Institute 2016 money banking history currency DERBETH DERBETH History, ghosts, money: These are more connected than common sense...

... and outspend American tourists. And when they return home, they regularly comment about the overseas “bargains” they found. Even for ordinary Chinese who’ve never ventured abroad, the prices of overseas products continue to fall. Many have come to accept a constantly strengthening currency as the natural order...

... to different degrees and involving different shades of financial undercurrents. An interesting prism to see this continual globalization is through the role itinerant and global currencies and monetary unions have played. Money is often defined as “as any object (or record of that object) which...

... before his 50th birthday, that Rolet joined that quintessentially British institution, the London Stock Exchange Group, which he has run ever since. Today, as its CEO, Rolet talks about the role of money, currency, and stocks—and their effectiveness as financial, political, and social forces for change...

.... The bank, it seems, had a standard weight for a certain amount of coins for each denomination. Instead of going into the bank and counting the coins, they would weigh them because there were so many. “Inflation got so bad,” she continued, “it was a relief to have a stable currency, as our money was losing...

..., which totaled well tals. They were like auto mechanics who, over $100 billion. Against this debt, South having found that the engine parts were in Korea’s central bank had less than $30 bil­ working order, pronounced the car to be in lion in reserves. As the currency dropped, good shape, all...

... money after leaving the government”—has, like other financially savvy expats and Argentines, been using the currency black market here the past two years. Foreigners can get far more pesos for their dollars. Locals often have no other option to get dollars. Argentina’s currency black market has...

... Museum, takes us through coinage across the centuries. In our Anatomy feature, we look at some of the world’s mini-Bitcoins, or localized currencies, and the role they play in the international financial order. Then Stanley Pignal, The Economist ’s new banking editor, warns of the weaknesses...

... JYL : Well, China certainly can participate. China has such large reserves. Any country with large reserves, a hard currency, with large pension funds, a large sovereign wealth fund, can also participate. Because this is a global crisis and we need to have a global solution. This is one area...

... of the empir­ quences of liberalization and globalization, ical record. After the U.S. Fed lowered in­ including the right-wing opposition to the terest rates in September 1998, East Asian Bretton Woods institutions in the United currencies strengthened and stabilized. In­ States, as reflected...

... of demonstrations taking place nationwide as workers demand wage increases and urbanites rally against currency controls. As has been the case for much of this decade in Argentina and across Latin America, the fears center around inflation, which most independent economists estimate at about 24 percent per year...

..., “the realization that the recovery from the worldwide recession had not progresssed enough to sustain higher prices,” two years after the OPEC oil embargo. the impact of falling oil prices should not be seen as confined solely to the currencies of russia, nigeria, and venezuela. In those days, each...

... declared the EU “without a doubt” the greatest threat to inhabitants of the Nordic nation. The Brexit result does not necessarily mean the beginning of the end for a united Europe. Many Europeans who grew up not knowing border controls or currency exchanges remain optimistic about the future of the EU...

... 101 chapters that recount the story of the trans­ sian economy was a persistent current ac­ formation of the Thai currency crisis to a re­ count deficit dangerously financed by short­ gional financial crisis and then an economic term capital flows. Unlike Thailand and In­ crisis...

... but failed state. The goal of this triumvirate is the creation of a common African currency, the afro, to unite what are today 42 different currencies. As a legacy of the colonial era, there are two multi-national currencies—the Western and Central CFA franc. Still, the GDP of each of these two sets...

... to the existing Cuban model to allow for more private enterprises and cooperatives, more foreign investment in certain sectors, and a combination of the nation’s two currencies which they see happening gradually over a three-year period. The Cuban government introduced the Convertible Cuban Peso (CUC) in 2004...

... even outperform Britain and Sweden, two countries that benefited from significant currency depreciation during the crisis (since they retained their domestic currencies by remaining outside the euro currency zone). Presumably, the drastic reduction in domestic demand in hard-hit southern euro members...