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Barry Eichengreen, Arnaud Mehl and Livia Chiţu, How global currencies work: past, present, and future, Princeton University Press, 2017, 272 pages

This is a most timely book, arriving during a period of great global geopolitical upheaval and technological advance. How global currencies work – penned by three key economists from Berkeley, the University of California and the European Central Bank – looks to debunk the classical economic theory that there can only be one global reserve. The work

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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