Nation-States and Money: The Past, Present and Future of National Currencies

Nation-States and Money: The Past, Present and Future of National Currencies

Nation-States and Money: The Past, Present and Future of National Currencies

Nation-States and Money: The Past, Present and Future of National Currencies

Synopsis

National currencies appear to be threatened from all sides. European Union member countries are due to abandon their national currencies in favour of a supranational currency by the year 2000. Elsewhere, the use of foreign currencies within national economic spaces is on the increase, as shown by the growth of eurocurrency activity, and currency substitution in many parts of the world. In the last decade, privately-issued sub-national local currencies have also proliferated in a number of countries, and predict the emergence of private electronic monies of the future. In the light of these transformations, this book asks what the future holds for national currencies. The first half of the volume addresses issues relating to money leading up to, and during, the formation of national currencies. Ranging widely in their historical and geographical context, the papers problematise the relationship between money and nation-states by examining alternative forms and uses of currencies during this period. The second half look at contemporary challenges faced by national currencies.

Excerpt

Benjamin Cohen is the Louis G. Lancaster Professor of International Political Economy at the University of California, Santa Barbara. He is author of numerous articles and books, including The Geography of Money (Cornell, 1998), Crossing Frontiers: Explorations in International Political Economy (Westview, 1991), In Whose Interest? International Banking and American Foreign Policy (Yale, 1986), Banks and the Balance of Payments (Allanheld, Osmun, 1981), Organizing the World's Money (Macmillan, 1977), The Question of Imperialism (Basic, 1973) and The Future of Sterling as an International Currency (St. Martin's, 1971).

Nigel Dodd is Lecturer in Sociology at the London School of Economics and Political Science. He is author of The Sociology of Money (Polity Press, 1994), Social Theory and Modernity (Polity Press, forthcoming), and numerous articles on money, regulation and society.

Emily Gilbert is an Assistant Professor and Social Sciences and Humanities Research Council Postdoctoral Fellow at Queen's University. She is currently undertaking comparative research on the historical development of national currencies in England, Canada, South Africa, and Australia. Preliminary studies on Canadian paper money have been published in Environment and Planning D: Society and Space. She has also published a number of papers in journals and edited volumes on symbolic literary landscapes.

Eric Helleiner is Associate Professor in the Department of Political Studies at Trent University. He is author of States and the Reemergence of Global Finance (Cornell, 1994), editor of A World of Money (a special issue of Policy Sciences, 1994) as well as many articles and book chapters on globalisation, international money and finance, and international political economy theory.

Virginia Hewitt is Curator of Paper Money at the British Museum and has worked extensively on the history of note design. Her publications include the edited volume The Banker's Art: Studies in Paper Money (British Museum, 1995), Beauty and the Banknote: Images of Women on Paper Money (British Museum, 1994) and As Good as Gold, 300 Years of British Bank Note Design, co-authored with

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