International Currency

Trends in International Political Economy: International Currency

Introduction to International Currency

Explosive growth in the exchange of foreign currencies in international markets has also transformed the global political economy (see foreign exchange). Advanced telecommunication technologies now link these markets in major financial trading centers, such as Tokyo, Hong Kong, Zürich (Switzerland), and New York City. By the mid-1990s, well over $1 trillion in foreign exchange transactions occurred daily. This huge sum of privately controlled money exceeds annual global expenditures on military forces. It also dwarfs the amounts of money available to national governments, which have lost some of their former ability to influence the international purchasing power of a given currency in foreign exchange markets. ” (1)

Resources

Notes and References

Information about International Currency in the Encarta Online Encyclopedia

Guide to International Currency

Hierarchical Display of International currency

Finance > Monetary relations > International finance > International liquidity
Finance > Monetary economics > Exchange policy > Foreign exchange market > Foreign currency
Finance > Monetary relations > European currency