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2016•Acta Universitatis Lodziensis Folia oeconomicaOpen access

International currency in the postwar history of the world monetary system. Theory and practice

Janusz Bilski

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Abstract

This article aims to discuss the idea of nature, forms and mechanisms of international currency. It presents the evolution of the main forms of global currency. Furthermore the benefits and risks coming from the currency seigniorage are studied.

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What this paper is about

This article aims to discuss the idea of nature, forms and mechanisms of international currency. It presents the evolution of the main forms of global currency. Furthermore the benefits and risks coming from the currency seigniorage are studied.

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Available abstract

This article aims to discuss the idea of nature, forms and mechanisms of international currency. It presents the evolution of the main forms of global currency. Furthermore the benefits and risks coming from the currency seigniorage are studied.

Key concepts: Seigniorage, Currency, Reserve currency, Foreign exchange risk, Economics, Monetary system, Devaluation, Special drawing rights

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