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What was critical for the maintenance of pegged exchange rates, I argue in this book, was protection for governments from pressure to trade exchange rate stability for other goals.

— Barry Eichengreen Globalizing Capital (2008)

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More quotes by Barry Eichengreen

The international monetary system is the glue that binds national economies together.

Globalizing Capital (2008)

Neither the current state nor the future prospects of this evolving order can be understood without an appreciation of its history.

Globalizing Capital (2008)

Any account of the development of the international monetary system is also necessarily an account of the development of international capital markets.

Globalizing Capital (2008)

Given the network-externality characteristic of international monetary arrangements, reforming them is necessarily a collective endeavor. But the multiplicity of countries creates negotiating costs.

Globalizing Capital (2008)

Progress in economics is said to take place through a cumulative process in which scholars build on the work of their predecessors. In an age when graduate syllabi contain few references to books and articles written as many as ten years ago, this is too infrequently the case.

Globalizing Capital (2008)

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Quote text and notes from Wikiquote: Barry Eichengreen (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.